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Among them, China Harbour Engineering Co, a subsidiary of China Communications Construction Co Ltd, will assess cooperation on potential investment opportunities to establish a clean-energy bus assembly factory in the Qatar Free Zones. It is designed to cater to both the local and regional markets.

Amazon’s ability to stay entrepreneurial, even as it has grown to nearly 270,000 employees, is certainly phenomenal.

Among the overseas companies the MIIT have approved, Shanghai, Beijing and Guangdong province are the top three destinations for overseas telecom investment, with the number of registered overseas companies hitting 54, 25, and 17 in each respectively, the report added.

Amazon’s grocery ambitions led it to consider a purchase of struggling health food grocer Whole Foods last year, before ultimately passing without making a bid, according to a report from Bloomberg.?

Amazon’s net sales rose 26% to .5 billion during the quarter, exceeding Wall Street’s expectations. But profits fell more than 30%, as the costs of scaling up for the pandemic weighed on the Seattle tech giant’s bottom line.