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The company reported 17.57 billion yuan (.5 billion) in revenue in 2017, up 80 percent from a year earlier, and about 80 percent of the revenue came from the overseas market.

The company made the decision after recognizing the importance of China in global investment portfolios and the evolution of its markets over the last decades especially since China's reform and opening-up.

The company is on the prowl for more office space, though Hegde wouldn’t specify exactly how much.

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The company, a subsidiary of key state nuclear-reactor construction company China National Nuclear Corporation, saw its new-energy power generation in the first three quarters surge 490.28 percent year-on-year to reach 2.06 billion kWh.

The company said when the gadget is closed, it is a stylish, compact palm-sized device. When opened, its screen size nearly doubles to reveal a stunning 6.7-inch display.

The company's approach is to bring equal opportunities to the "little guys" and "underserved" that lack access to conventional financial services, Qi said.

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The company unveiled its new Wingle 7 at the news conference as part of its efforts to meet these commitments. The new model will go on sale by the end of this year.

The company's food delivery business has created more than 500,000 jobs in its delivery side.

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The company plans to offer 67,387,110 American Depositary Shares (ADSs) at a price range of .50to .00 apiece, according to its latest prospectus filed with the US Securities and Exchange Commission.

The company, which went public at per share last November, has a market value just over billion. The stock peaked at in February.