The company is now set to continue its overseas expansion into economies involved in the Belt and Road Initiative, which aims to connect Asia with Africa and Europe through an infrastructure and trade grid along the ancient Silk Road.
The company is betting on voice beyond the Alexa/Soundstage integration. Monster also announced a partnership with Melody, a new app?made by Speak Music, that allows users to control music across different streaming services using their voice. Monster will build sport headphones with the Melody voice assistant built-in.
The company introduced a series of AI chip-powered OLED TVs last year. The chips leverage AI to search, identify and refactor images and accurately enhance image quality, delivering a more lifelike viewing experience.
The company said the intelligent system can screen people even when they are wearing a mask. At present, it has been put into use in the headquarters of China Taiping Life Insurance, China CITIC Bank, the Shenzhen Civil Center, Baodi Square and other places.
The company owns about 200 shopping centers throughout the US. All properties were closed temporarily March 18 as part of the nationwide effort to curb spread of the coronavirus, also called COVID-19.
The company in 2018 launched a number of measures to enhance customer service, including a function allowing customers to buy insurance through WeChat, along with an accountability system that encourages third-party evaluations.
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The company's carrier business, which includes Huawei's telecom equipment and services, recorded a loss in revenue of around 1 percent in 2018, as it faced security allegations in some markets. Huawei has repeatedly said such allegations are groundless and not backed by factual evidence.
The company, located in Kunming, the capital of Southwest China's Yunnan province, however, ran into trouble over the past several years because sales of heavy mechanical products plummeted, leaving several workshops idle.
The company was fined 120,000 yuan (,400) by the city's environmental protection bureau and given until the end of May to upgrade its equipment or remain shut down.
The company says it now commits 10 percent of its annual revenue to R&D.