The company also settled two longstanding patent disputes in its recent quarter, including one settlement that involved an undisclosed financial payment to the company that had originally sued Amazon back in September 2010. Amazon said the payout to?Olympic Developments AG was not material to its financial results.
The comments by Hastings come a couple weeks after Amazon struck a deal?with Viacom’s Epix premium cable channel for thousands of movies that had previously been exclusive to Netflix.
The company had previously said that they are working on products that “raise the bar on modern productivity and collaboration.”
The company has planned to boast 17 varieties of car models by 2025, including a number of new energy vehicles and SUVs.
The company from the Republic of Korea signed an agreement with the Wuxi's high-tech zone Wednesday to establish a hospital, with a total investment of around 3.8 billion yuan (around 5 million), according to the city government.
The company also aims to further enhance its global oil and gas resource allocation capacity, in a bid to increase its international trade to 550 million tons by 2020, through further exploration of its overseas upstream business, lowering crude purchase costs, increasing exports of refined oil products and diversifying purchases of liquefied natural gas, it said.
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The company has more than 30 clinics nationwide, including in first-tier cities and most provincial capitals. Its revenue has risen by 60 percent annually in recent years.
The cloud has become a huge part of Microsoft’s bottom line. The company expects commercial cloud revenue to make up about 15 percent of its overall revenue this year. Guthrie?sees the cloud business as one that requires plenty of up-front investment with the potential for a big long-term pay off.
The companies also reported healthier balance sheets. The average collection period for accounts receivable decreased from 47.6 days a year earlier to 47.4 days by the end of February.
The coal mining sector also saw improving profitability amid the country's efforts to cut excess capacity and improve efficiency.