The combined industrial revenue reached 1.13 trillion yuan (2.1 billion) during the period, up 3.3 percent year-on-year, according to the Ministry of Industry and Information Technology.
The cliff swing is currently undergoing additional inspection by the institute.
The commission and its partner agencies in 16 districts have since Feb 24 been conducting comprehensive investigations on 720 multinational corporations, which either have Shanghai as its regional headquarters, or are recognized as "key foreign-funded enterprises" by the local authorities.
The closure, which was also reported by CNET, is the second such announcement made this week by the Seattle-based retailer. The company also notified customers it was halting sales of?its private-label diapers.
The company also hired Christopher Handman to serve as its General Counsel, as first reported by Re/code. Handman comes to the mobile app company from the Hogan Lovells, where he lead the firm’s appellate practice. At the firm, he worked alongside John G. Roberts, who was appointed to be the Chief Justice of the U.S. Supreme Court in 2005.
The company became the first enterprise to conduct road tests in designated zones in the capital. Five vehicles using Baidu's autonomous driving system Apollo underwent an open road test in Yizhuang, a southern suburb in Beijing.
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The company has also taken full advantage of its integrated business model, optimized resource allocation, production and operations, and stepped up its efforts to create new revenue streams, cut unnecessary expenses, lower costs and boost efficiency, it said.
The companies and their underwriters will confirm IPO dates and publish their prospectuses following discussions with the stock exchanges.
The company has not yet selected a specific location for the French mobile base station plant.
The commission meeting will conclude on Thursday afternoon.