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Andrew X. Pham

And this isn’t the first time we’ve seen Google focus on e-commerce as of late. Last December, the company bought BufferBox, a?company that rivals Amazon Lockers and allows parcels to be shipped to pick-up stations.?One month later, it also acquired online data retail management service Channel Intelligence.

And it’s not just Walmart making moves. Kroger invested in British online grocer Ocado?to boost its delivery business and bought the meal-kit company Home Chef. Those moves came at a price of close to 0 million combined.

Analysts said the investment is in accordance with BP's commitment to being the leading fuel provider for both conventional and electric vehicles, as are its other investments in fast-charging battery technology firm StoreDot and mobile-charging company Freewire Technologies.

Analysts said the official factory gauge's return to the expansion zone indicated that the decelerating economic growth has shown sign of stabilizing and that the business outlook is brightening.