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The company plans to use diversification to benefit from global economic opportunities and expansion across multiple markets, including the commercial and tech sectors. The company focuses on working with industries such as natural minerals, logistics, e-commerce and social media.

The company plans to establish a smart education base, expanding the scale of an online education platform to have 4,000 employees in three years. It is also eyeing to set up an offline experience center in Wuhan, which it then hopes to spread across the country.

The company registered in January for this year's event in spite of the pandemic, said Kamran Vossoughi, president and CEO of Michelin Greater China.

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The company is also considering at least three other people, whose names have yet to be revealed.

The company said its plants in the United Kingdom are close to full capacity, and it expects there will be high demand for the five-seat E-PACE after the F-PACE performance SUV became the fastest-selling car in the company's history, with 80,000 sold so far this year.

The company's air routes linking Kunming with other cities have carried a total of nearly one million passengers over the past five years, becoming the largest foreign airline by transport capacity at Kunming Changshui International Airport.

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The company’s ARM-based chips are designed to be used in Wi-Fi routers, storage products, video streaming and other IoT devices in the home. Given this news, we may see many smart home devices at future CES shows that are powered by Amazon-designed chipsets.

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?previously?raised the threshold for?shipping in October 2013, when it increased the minimum order to from for what was then known as the company’s “Super Saver Shipping” program.

The company's first 5G smartphone will be launched in the first three months of 2019, he added.