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The committee will include top-tier executives from Alibaba, with CEO Daniel Zhang leading, and Eric Jing, head of payment affiliate Ant Financial Services Group, as vice-chair. Other members include key figures across its logistics arm Cainiao, cloud computing unit AliCloud, and the Tmall and Taobao marketplaces.

The cloud has become a huge part of Microsoft’s bottom line. The company expects commercial cloud revenue to make up about 15 percent of its overall revenue this year. Guthrie?sees the cloud business as one that requires plenty of up-front investment with the potential for a big long-term pay off.

The commission will provide recommendations to the state governor regarding the artist, design, location and installation of the memorial statue.

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The company has also seen growth in the mobile gaming sector, with revenue up by 11 percent quarter on quarter, reaching 19.5 billion yuan, despite the recent introduction of tightened measures on underage gaming.

The company has also been implementing reforms in the corporate structure, to spur innovation and vitality of its affiliates and business units, in order to make breakthroughs in enhancing market-oriented corporate operations.

The company announced the expansion Tuesday evening, noting that customers in the?Baltimore, Dallas, Indianapolis and Philadelphia areas will also now be able to have orders?delivered on the same day if purchased?online by noon.

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The companies also reported healthier balance sheets. The average collection period for accounts receivable decreased from 38.1 days a year earlier to 37.1 days by the end of July.

The companies will be allowed to raise no more than 3.1 billion yuan (0 million), the China Securities Regulatory Commission (CSRC) said in a statement.

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The clinic, which specializes in hair-related cosmetic surgery and is a branch of Beijing-headquartered chain of plastic surgery clinics BeauCare Clinics, has been in full swing since the Spring Festival. Zhang, who is operational president of the facility, often works late.

The company has also built a drone R&D center in the city－which is focusing on operating middle and large-sized drones with loads of 200 kg to two metric tons－in order to cut storage costs.