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Zhu Hong, a senior statistician at the NBS, cited the easing pressure from rising costs as a key reason for the improving industrial profits, with the cost-revenue ratio dropping to 84.77 percent for the first five months, versus 84.91 percent for the January-April period.

—Ashutosh Tiwary, the co-founder and former CEO of Bellevue data backup startup Doyenz, has been named general manager of tools and services at Amazon Web Services. It’s unclear what Tiwary, who prior to Doyenz worked at Microsoft and Mercury Interactive, plans to do in the role. In his LinkedIn bio, it simply says “stay tuned.” He joined Amazon earlier this month.

iFlytek realized the voice computing sector is set for explosive growth, thanks to breakthroughs in machine learning algorithms. Even as it made headway, BAT, or Baidu, Alibaba and Tencent, the triumvirate of Chinese internet-based businesses, forayed into the segment, giving it stiff competition in voice computing and strategic voice interaction.

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“Alexa, tell Roomba to start cleaning.”

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“Acknowledging the threats of Amazon and other online e-tailers, retailers and their suppliers know that the best way to improve their sales, margins, and in-store experience is to lock arms and collaborate,” said Conductive CEO Robert Loughan in a recent press release.

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Zhu Hexin, deputy governor of the People's Bank of China, the central bank, said the government will make a dynamic assessment of the current monetary policy, while making good use of existing tools to channel funds to the non-financial sector.

Zou Jiayi, vice-minister of finance, added that China also encouraged different development partners to cooperate with BRI economies in financing for "long-term" support.

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[Photo/Allergan]

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