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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’s backers include?Accel Partners, Atlas Venture, CRV, Founder Collective, Menlo Ventures, Sherpa Ventures and Techstars.?The deal is expected to close later this year.

The company, since its founding in 2016, quickly gained attention from consumers, with a presence in 53,286 convenience stores across China and the support of 131,375 offline retailers while expanding to more than 11 overseas markets.

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The comprehensive production capacity of grains should be stabilized at or above 550 million tons by 2020, with the quality of farm produce markedly improved.

The company, whose portfolio include offering corporate, human resources and debt services for companies, gathered the views that 1,050 executives from various industries have about China's role in today's fast-changing business landscape.

The company said power generated by wind and solar rose 12.3 percent and 19.2 percent, respectively, in the first half. China's sanbei (Northwest, North and Northeast China) regions, which have rich wind and solar resources, are expected to see an increase in the renewable energy power generation. The utilization ratios of renewable energy in the regions also reached 99.5 percent, 99.5 percent and 96.4 percent, respectively.

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The company sees fake reviews as a real threat, with the power to “undermine the trust” Amazon has built with customers, “thereby?tarnishing Amazon’s brand,” according to one of the lawsuits.

The company's manufacturing base in China produces and exports glass. More such plants are likely to be set up in South America and elsewhere across the world in the years to come, according to senior company executives.

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The company’s challenges include heavy investments in its Kindle Fire. It’s selling the tablet at or near a loss in hopes of making up the difference over time through digital media sales and subscriptions — not an easy task, given the competition from Netflix, Hulu and others.

The company said Wednesday it plans to double its Portland workforce with the new downtown office. The new roles will be in operations, software engineering, product management, and other tech fields. Amazon has more than 3,500 employees throughout Oregon.