Chinese smartphone maker Oppo on Thursday announced it will invest 10 billion yuan or around $1.43 billion in Research and Development (R&D) across its global markets in 2019.

“In addition to striving to become the first manufacturer to launch 5G smartphones, Oppo’s exploration of application opportunities in the 5G+ era will determine the value of 5G,” Tony Chen, founder and CEO of Oppo, said at its technology-focused 2018 Oppo Technology Exhibition.

Meanwhile, Oppo India’s managing director Yi Wang has resigned from the company. His resignation coincides with the increasing losses to the handset maker in the country. At present, Oppo is one of the top-five smartphone brands in India.