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BOE, a Beijing-based tech company, marked new progress with its operating revenues reaching 69.4 billion yuan ($10.49 billion) during the first three quarters of 2017, according to local media.

The figure represented year-on-year growth of 51.41 percent.

Founded in 1993, BOE Technology Co is a supplier of internet of things technologies, products, and services. BOE’s three main businesses are display devices, smart systems, and healthcare services. Products produced by BOE are widely used in a broad spectrum of applications such as mobile phones, tablets, laptops, TVs, healthcare, finance, and wearable devices.