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The company has so far invested in local manufacturing, technology and technical centers and cultivating local leaders, it said.

The company has recently entered into a partnership with Alibaba Cloud, the cloud-computing arm of Alibaba, to deliver such hybrid cloud solutions and help organizations with their digital transformation.

The company currently operates businesses in 140 countries and regions, among which 50 have been involved in the BRI, with production bases in Brazil, India and Poland.

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The company boasted more than 90 million registered users at the end of the first quarter, and during the company’s last fiscal year it streamed 3.8 billion hours of online music to listeners.

The company denies it did anything wrong, insisting it was acting legally at the time. The settlement did not require an admission of liability, Attorney General Lori Swanson said.

The combined turnover of stocks covered by the two indices stood at 503.20 billion yuan (.82 billion), expanding from 442.31 billion yuan in the previous trading day.

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The closings started when New York Governor Andrew Cuomo ordered a lockdown in March to contain the spread of the virus.

The commerce ministry will actively respond to Sino-US trade frictions, Zhong said at the meeting, without elaborating.

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The comments came after the US Commerce Department placed eight Chinese companies - including Meiya Pico, video surveillance powerhouse Hikvision, facial recognition technology leaders SenseTime Group and Megvii Technology - on a list that bans them from buying components from US companies without special government approval.

The company has also launched a mobile phone with a front camera which can recognize faces according to the entire facial features, so that the African consumers can make better selfies.