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Insilico has proven that AI can solve very difficult problems in a creative way, says Sinovation Ventures’ Kai-Fu Lee.

Oppo, Vivo, Realme, OnePlus, and Iqoo are all offshoots of Dongguan-based BBK Electronics. In 2020, they sold 19% of new smartphones around the world.

The clear proposition of a premium experience at an affordable price has elevated OnePlus as one of the most popular brands in India.

Oppo, Vivo, and Realme recorded a market presence of 51% in Southeast Asia in the second quarter of 2020.

BBK’s founder, billionaire Duan Yongping, rarely gives interviews, and the company’s management had almost let its brands exist independently.

Deal comes as Chinese e-commerce company hits obstacles in India.

The network was targeting audiences in southern Thailand’s conflict regions where insurgent groups continue their fight for independence.

The company could be a beneficiary of the global chip shortage due to growing demand.

The company is signaling a move into the Philippine market.

Pinduoduo is increasingly penetrating China’s agriculture sector with investments in upgrading its supply chain, and the launch of grocery group buying.