The company said it plans to enter more than 90 percent of European markets by the end of this year. It is now the fourth-largest smartphone vendor in India, Indonesia and the Philippines, Realme said.
The company reported its revenues surged 111 percent year-on-year, reaching 4.5 million in the first quarter this year. And 6.4 million came from the livestreaming sector, accounting for more than 90 percent of the total. The company said it has made a net profit of million in the first quarter.
The company plans to raise up to 0 million in its initial public offering with Snowball Securities as the IPO underwriter.
The company's new headquarters plan has drawn backlash since November, when it announced its decision to split its new headquarters between Long Island City in the New York City borough of Queens and Crystal City, Arlington County in the state of Virginia.
The company will also further strengthen cooperation with other domestic enterprises to jointly promote the construction of metallurgical engineering projects, he said.
The company is also testing driverless grocery delivery vehicles, in partnership with UK-based tech company Oxbotica.
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The company said it had reached an agreement earlier this month to keep the company solvent through 2021.
The company is also leveraging its technology repertoire to branch out into other AI-enabled sectors. It is developing an AI-enabled system to assist courts in reviewing four types of cases, namely murder, theft, telecom fraud and illegal fundraising.
The company has given sovereign credit rating to the US nine times since 2010, and the rating has slipped from AA in 2010 to BBB+ this year.
The company's autos are already in use on the streets of Las Vegas in the United States, Moscow and will now be tested in Tel Aviv.