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The company was founded in 1999 by a group of researchers from the University of Science and Technology of China. iFlytek is the Chinese counterpart of the US firm Nuance Communications Inc and Siri, the virtual voice assistant developed by Apple Inc.

The company is participating in the 127th session of the China Import and Export Fair, also known as the Canton Fair.

The company said that in the future, leading enterprises in the power lithium-ion battery sector are expected to achieve better development in industry competition. To increase its global competitiveness, it will pay close attention to technology advancement and launch more advanced technologies and product solutions.

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The company will be re-branded as Pearl Studio, CMC said in a press release.

The company said that in the future all apartments will be tested before they are put on the market, and a test report will be displayed in the information about the apartments provided by the app.

The completion of the deal saw the Chinese steelmaker acquire the company's United Kingdom and Netherlands assets, saving about 3,200 jobs after the company collapsed and was funded and run temporarily by the Official Receiver, part of the UK Insolvency Service, since it plunged into insolvency last May.

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The company sold about .14 million worth of products in a single hour, according to Alibaba. Other popular US brands last year were Apple, New Balance, Skechers and Nike.

The company, based in East China's Zhejiang province, raked in 92.76 billion yuan (.7 billion) in revenue last year, up 73 percent year on year, while its profit surged 108 percent to 10.63 billion yuan.

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The company's recycled products including cement and bricks have passed quality tests and have been exported to countries including Pakistan and Kenya.

The company’s cloud computing division continued to?boost Amazon’s profitability. Amazon Web Services posted 8 million in operating income, or 56 percent of the company’s overall operating income of .29 billion for the quarter.