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Analysts noted leading Chinese online English language education companies are scrambling for cooperation deals with world-leading publishers, as it takes a lot of time and money to develop teaching materials from scratch.

Analysts surveyed by Thomson Reuters had expected the company to show a loss of 12 cents per share on revenues of .9 billion. At this time last year, Amazon showed .6 billion in revenue.

Analysts said the campaign is more geared toward gaining a larger share in the thriving mobile payment landscape in China and beyond borders, where competition is intensifying between Alipay and WeChat Pay, a rival service from Tencent Holdings Ltd.

Analysts say that the epidemic that has infected tens of thousands of people in China will further slow down the growth of the country's new energy vehicle market that is already struggling with weaker demand and less-generous subsidies.

Analysts are also bullish on the company’s prospects.?This week, Wedbush analyst Michael Pachter upgraded its rating on Amazon to “outperform” from “neutral” and increased its price target to 5 from 5.