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The commission said the decline of net profit and revenue was due to the COVID-19 outbreak during the three-month period.

The combined policies make up the "twin pillar" framework that the central bank will continue to improve.

The class action suit filed by several law firms on behalf of a dozen plaintiffs is just one of many filed in California against Tyndall and USC.

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The company has conducted dozens of national-level research projects, invented more than 10 patented drugs, and holds more than 350 patents. It has also won five national-level scientific and technological awards, Wu said.

The company has a preference for cities offering incentives in exchange for the billion HQ2 project, which Amazon says will bring 50,000 jobs and billions more in economic stimulus. The request is controversial — and a recent analysis of Amazon’s latest financial filing further inflamed the debate, revealing the company didn’t pay any federal income tax on its .6 billion profits in 2017.

The combined revenue of Chinese companies accounted for 25.6 percent of the Fortune Global 500 list's total, behind the US at 28.8 percent.

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The company also clarified in an announcement it has not formed any substantive plans and intentions on the "reorganization" reported by some media.

The comments came after Huawei said earlier that it would sell its 51 percent stake in Huawei Marine Networks, a global submarine network provider and a joint venture between Huawei and United Kingdom-based undersea cable company Global Marine Systems.

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The company also recently released its domestically-developed high-safety nuclear power plant distributed control system platform, which is also known as the "central nervous system" of nuclear power plants that ensure nuclear projects' safety and stability and enables China to have a distributed control system with completely independent intellectual property rights.

The company also is expanding overseas, with Amazon.com CFO Thomas Szkutak saying in a conference call with analysts that “we are investing right now.”