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Besides, the industrial park's special location, having ample transportation channels to the Pearl River Delta, the Chengdu-Chongqing area and economies in Southeast Asia, makes it easier to access related markets, Hu said.

Belle's aggressive expansion of its physical stores, however, can not offset disappointing sales. According to public information, the company registered 13 consecutive quarters of negative same store sales growth since the fourth quarter of the financial year ended 28 February 2014.

Bezos, who made a 0 million donation to food banks earlier this month, did address non-COVID-19 topics in the letter, including?the company’s climate change initiatives. But given the impact of the global pandemic on Amazon and the world, it was the key subject of his annual letter.

Bezos didn’t go into any further detail on the experiments being conducted by the Amazon Fresh team, but based on my experience as a customer, it seems like many of the tests involve what economists call the price elasticity of demand — raising prices to see how much the changes affect the quantity ordered by customers as a group.

Besides shouldering costs for the "Dieselgate" scandal, VW's five main car brands are pushing cost savings to help fund a strategic shift to zero-emission and self-driving technology.