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Amazon’s sales rose 26% in the first quarter as the COVID-19 crisis made the online retailer an even bigger part of many lives, but profits were down 30% due to expenses from dealing with the virus. Amazon CEO Jeff Bezos gave a clear message to shareholders, saying they “may want to take a seat,” because there are big challenges ahead and they won’t be easy or cheap to overcome. The company says it will spend billion this quarter on initiatives related to the pandemic.

Among the 10 most profitable gaming companies globally last year, two are from China, including Shenzhen-based Tencent and Guangzhou-based NetEase, according to mobile market monitor Newzoo.

Amid a dynamic global aviation market, the US aerospace giant sees "tremendous opportunities" from the long-chain service sector, especially in Asia.

Among the 50 cities with highest GDP, 11 recorded a GDP above one trillion yuan, namely Shanghai, Beijing, Shenzhen, Chongqing, Guangzhou, Suzhou, Chengdu, Hangzhou, Nanjing, Wuhan and Tianjin. The top 5 surpassed 2 trillion yuan each.

Among high-profile fraud cases last year, Ezubao, an online peer-to-peer lending platform, cheated members of the public out of nearly 60 billion yuan through fake investment projects it advertised from June 2014 to December 2015. Police opened investigations into the case in the first quarter of 2016.