Rumors of the service surfaced last year, and pointed towards Amazon wanting to compete with stores like Costco and Walmart, which offer discount prices on groceries.?Amazon touts its service as providing “everyday essentials in everyday sizes,” in a clear jab?at those companies, which require people buy in bulk to gain the biggest discounts.
Roberts also has sought to put the court above politics, but the fight over Ginzburg's seat could damage that effort.
Rising Chinese phone makers, such as Huawei, Xiaomi, Oppo and Vivo, are "increasingly winning fans, in places like France, Germany, India and Southeast Asia, where consumers find that the phones can do just about everything an iPhone can do at a fraction of the cost," said The New York Times.
Robin Li, chairman and CEO of Baidu, said in internal letter that Zhang made great contributions to the company in the past five years.
Romain Christodoulou, the group’s senior-vice president at Jumia, said the partnership is a promising first step to a close partnership between both companies over the years to come.
Retailers are the main players in livestreaming e-commerce, instead of prominent anchors. According to figures from Taobao Live, 90 percent of livestreaming e-commerce shows and 70 percent of sales on the livestreaming platform come from livestream shows by retailers. During this year's June 18 shopping festival, nine of the 15 livestreaming rooms with sales of over 100 million yuan on Taobao Live were owned by brands and retailers.
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Retail banking has become one of the major growth drivers for banks. Retail banking income represented 38 percent of the total income for large commercial banks in the first half of 2016, while the proportion grew to 39 percent in the first half of 2017. The growth of retail banking income is more obvious in joint-stock commercial banks, rising from 33 percent to 39 percent in the same period.
Retail investors placed orders 625 times more than the number of shares on offer, putting the flotation on course to become Hong Kong's hottest offering in 10 years.
Retail sales grew 7.6 percent year-on-year to 3.3 trillion yuan (1 billion) in July, down from 9.8 percent in June. Fixed-asset investment rose 5.7 percent year-on-year in the January to July period, slowing from 5.8 percent in the January to June period.
Reuters and AFP contributed to this story.