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The company mainly targets global high-end hotels and has developed products using world-class techniques. "The traditional Maritime Silk Road once helped made-in-China porcelain products to go global. In recent years, the Belt and Road Initiative has created a new opportunity to access the world stage," Zheng said.

The company runs Fenqile, an installment-focused shopping platform.

The company's transition is testimony to Chinese businesses' ascent up the global value chain and the nation's economic restructuring.

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The company is currently in a three-year agreement with kiwi orchards in Shaanxi to develop better kiwi breeds; it's a long-term strategy to satisfy the expanding Chinese market, Brown told Xinhua.

The company's products and services are now used by 70 percent of Chinese primary schools to assign and correct homework, according to Liu,

The company's sales revenue in China grew by 18 percent in the first quarter of this year.

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The company pumps that kind of ethos in many of its marketing products, including decorations, short videos and WeChat stories.

The company will sell an 18 percent stake to Unisplendour Technology Venture Capital Ltd, 18 percent to Oriente Grande Investment Fund LP and 13 percent to Vivid Victory Developments Ltd, according to an announcement issued by TCL on Monday night.

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The company is leasing more than 1 million square feet of office space in Bellevue across three buildings and is rumored to be looking for a lot more.

The company is also building out a software platform that will allow other developers to build programs for it.