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As we’ve noted in the past, Amazon.com is expanding fast in its hometown of Seattle, leasing new buildings and planning a huge re-development in the Denny Triangle neighborhood near its new headquarters that would include three 37-story towers. It is also on course to overtake Microsoft in terms of worldwide headcount, now employing 88,400 people worldwide.

As the world's second largest economy, the country is shifting from a labor-intensive manufacturing model to a robust economic engine driven by innovation and productivity.

As we reported yesterday, one analyst was estimating the company to?record about 50 billion yuan (.17 billion), a 40 percent increase from last year, and another more bullish analyst was estimating that sales could top?60 billion yuan (.8 billion).?Last year, Alibaba Group’s websites Taobao Marketplace and Tmall.com processed more than .8 billion in sales during the 24-hour period, which is roughly one-third more sales volume in a single day than the three biggest U.S. shopping days combined.

As the whole world is fighting against the COVID-19 outbreak to mitigate the virus' impact on their economic growth, governments across the world are responsible for creating convenient conditions for companies to conduct normal trade activities, rather than creating obstacles, said Gao Feng, the ministry's spokesman.

As the government plan to channel more funds into infrastructure construction and cut taxes and fees for the corporate sector gradually takes effect, the PPI may continue to rise in the first half of this year, said Guotai Junan Securities in a note.