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With COVID-19 related challenges lingering, industry experts foresee only a modest recovery instead of a strong rebound in China's cross-border M&A activity in the rest of the year.

With evolving smart recognition technology, sensors, blockchain and other IoT-related tech, the IoT industry is evolving toward the manufacture of smart, convenient and low-power consumption, the report said. It is expected to maintain a rapid growth over the next number of years.

Why it matters: The JEDI prize will position one company at the center of the Pentagon’s defense and warfare technology infrastructure. It has become one of the most closely-watched and controversial procurement processes in recent history. The Pentagon says it plans to award the contract by the end of August.

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Wildland firefighters pass by hospital equipment being set up outside the Ridgecrest Regional Hospital after a powerful earthquake struck Southern California in the city of Ridgecrest, California, US, July 4, 2019. [Photo/Agencies]

With an employee headcount of 268,900 employees (and certainly growing as I type this), Amazon has come a long way since 1994, when founder Jeff Bezos brought on Shel Kaphan, the startup’s first worker.

Who could possibly complain when technology produces both public good and profits?

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With an investment of more than 1.7 billion yuan (0.6 million), the first-stage project of the proving ground covers 6 square kilometers, with total road length exceeding 60 km.

Why it matters:?Bellevue and Seattle find themselves in a bizarre love triangle with Amazon, which has an increasingly contentious relationship with its hometown. Amazon said the decision to relocate its critical worldwide operations team was due, in part, to Bellevue’s “business-friendly environment.” It’s easy to read that as a slight against Seattle City Hall, which Amazon has described as “hostile … toward larger businesses.”

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Why it is so cold

With a red coat, red cap and red armband, 62-year-old Gao Tianrui roams around the Shichahai area doing public service as a volunteer. Although he is from the US, he is practically indistinguishable from his local Beijing buddies.