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As such, the secondhand toy market will develop gradually on several large secondhand exchange platforms such as Xianyu and 58 Tongcheng, Cai says, instead of thriving as an independent and successful business.

As the outlook for nearly 60 percent of companies remained positive for the year ahead, 39 percent of the A-share market listed companies disclosed a negative forecast. Danhua Chemical Technology, Harbin ZhongFei New Technology, Zhejiang Sunriver Culture and 91 other companies were estimated to swing to a net profit drop in 2019, down over 1,000 percent year-on-year.

As well as enhanced employment policies, Shanghai has also piloted a series of policies streamlining applications for Chinese "green cards," allowing permanent residence for non-Chinese residents. For those working in Shanghai FTZ, a letter of recommendation from the FTZ authorities assists in the application process.

As the online sales sector has played a prominent role in driving social consumption in China, the country will launch an online shopping festival to boost consumption from April 28 to May 10, said Cai Yudong, deputy director-general of the department of electronic commerce and informatization under the Ministry of Commerce.

As the company searches across North America for its second headquarters — which would employ as many as 50,000 people — Bezos is positioning Amazon for a new stage of growth with some bold moves, including last year’s acquisition of Whole Foods and last month’s purchase of smart doorbell maker Ring. In fact, GeekWire reported yesterday that Amazon is on an “unprecedented” buying spree.