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And 87 percent of Kuaishou's users are from the post-'90s generation or the so-called millennials. "We are devoted to recording the daily life of ordinary people, giving them a stage to express themselves," said Su, adding the app aims to improve the user experience and attract more new users.

And Chinese fintech giant Ant Financial Services Group, Alibaba's payment affiliate and owner of Alipay, has acquired a stake in Paytm, India's largest mobile wallet operator by user number.

Analysts believe that the weaker-than-expected July data could prompt policymakers in Beijing to step up policy-easing measures and come up with more targeted monetary easing and possible acceleration of local government bond issuance to shore up growth in the second half of the year.

And if AWS would like to be a bigger player in workplace collaboration tools — which is certainly an interesting market and a natural evolution for a cloud company — but is only in the preliminary stages of evaluating such a product, it has chosen a puzzling way in which to declare its intentions.

And it’s not just warehouses. Amazon is leasing airplanes to build out a fleet of delivery jets. And then of course, there is the company’s well-known drone delivery push.