The company's success with raising funds at lower costs came as China has adopted a mix of measures to prop up credit support for the real sector of the economy, especially for small and medium-sized firms.
The company is just one of many in the region's e-commerce industry to benefit from the pandemic.
The company took a record 38 percent of China's smartphone market in the second quarter of 2019, highlighting the highest market share of any vendor in eight years, according to data from market research company Canalys.
The company will receive more than billion in tax credits and other incentives. New York is forking over more than .5 billion, while Virginia and Arlington are offering about a third of that — 3 million. The hope is that Amazon will attract other companies and ultimately boost the local economies. But while many see it as an opportunity, not everyone is sold on the idea.
The company released China's first AI-based skin disease diagnosis system last year, together with the Second Xiangya Hospital of the Central South University in Changsha, Hunan province, and Glority, an AI technology company in Hangzhou, Zhejiang province.
The company now has a pipeline of 14 projects in residential, mixed-use and hotel in metro Atlanta, Georgia that is valued at about 0 million.
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The company’s stepped-up climate strategy follows repeated and ongoing calls for leadership made by Amazon employees themselves.
The company said 5G is one of its core businesses and it has pursued innovation in 5G technology research. It has filed 3,500 patent applications in 5G.
The company said the growth was driven by optimizing different business sectors including advertising services, entertainment content services and online ticketing.
The company is also vowing to help its partners become more efficient and sustainable, and in China, such efforts have paid off, with factories reducing waste by 12 percent from the 2016 to 2018 fiscal year. From the 2015 to 2018 fiscal year, its strategic footwear suppliers in China reduced energy consumption used per pair of shoes by 19 percent.