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Stanford, Conn. research firm MKM Partners last week predicted Amazon’s market cap could reach .5 trillion by 2024. Amazon’s leading cloud computing business, as well as a surge in its retail market share, will be the engines that get the company to that point, writes MKM’s Rob Sanderson.

Starting Jan 1, 2018, China introduced a new tax -- the environment protection tax -- aimed at protecting the environment and cutting pollutant discharge.

State-owned Beijing Financial Holdings Group is preparing for a full-scale supervision network to control financial risks, based on fintech and big data, in order to meet the higher standards, according to a document from the group.

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Sri Lanka's Tourism Minister John Amaratunga recently announced that arrivals were expected to increase, including from China, during the month-long Colombo International Shopping Festival which began on Oct 1.

State Grid Corp of China has already established a subsidiary to facilitate grid-planning.

Starting 2013, qualified virtual telecom operators can resell mobile communications services to introduce their own brand of telecom services through leased telecom operator's networks and facilities or other forms of cooperation.

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Starting next year, AWS will allow customers to order the same hardware that it uses to power its cloud services to run in their own data centers through a service called AWS Outposts. Building on its partnership with VMware, AWS Outposts will allow customers to enjoy a consistent set of hardware, software and services across their own servers and cloud servers, said AWS CEO Andy Jassy.

Spotted in the crowd: Ring founder Jamie Siminoff and Eero CEO Nick Weaver. Amazon acquired smart doorbell maker Ring last year and bought WiFi system maker Eero earlier this year.

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Statistics from the China Netcasting Services Association showed China's short video market increased 744.7 percent year-on-year to 46.7 billion yuan (.8 billion) in 2018. Total short video users in China stood at 648 million last year, accounting for 78.2 percent of the country's overall online population.

Statistics show that car sales in the first quarter totaled 3.67 million, down 42.4 percent year-on-year.