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Among them, 13 were profitable in 2017, with three companies seeing their user base exceed 5 million.

Amazon’s shipping costs have ballooned in recent years as the company aims to speed up delivery. In 2018, Amazon spent .7 billion on shipping, an increase of billion or roughly 27.6 percent over the prior year, according to GeekWire research. Worldwide shipping costs reached .3 billion in the past quarter, up 21 percent year-over-year.

Amid such uncertainties and pressures, China may seek an important role in the global industrial chain. Toward that end, the first thing that China must do is help the economy to recover as soon as possible from the epidemic.

Amazon’s issues are the latest indication of the industry-wide struggle among tech giants to control their massive platforms. Facebook and Twitter are at the center of yet another political disinformation campaign. Google’s YouTube is working to reverse a trend of hate speech and extremism populating its platform. And Microsoft’s LinkedIn is in a constant battle to catch and eliminate fake accounts.

Among several regulations and policies that came into effect this month, the cap on foreign ownership of securities firms was revoked on Wednesday, the China Securities Regulatory Commission announced.