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Bezos’ annual letter is watched closely each year by investors and analysts seeking a window into his mindset and the company’s strategy. COVID-19 is the main subject this year, underscoring the unprecedented impact of the pandemic. The disease has infected more than 2 million people worldwide and killed nearly 140,000, upending businesses and the global economy.

Bezos is so goddamned smart that you have to turn it into a game for him or he’ll be bored and annoyed with you. That was my first realization about him. Who knows how smart he was before he became a billionaire — let’s just assume it was “really frigging smart”, since he did build Amazon from scratch. But for years he’s had armies of people taking care of?everything?for him. He doesn’t have to do anything at all except dress himself in the morning and read presentations all day long. So he’s really, REALLY good at reading presentations. He’s like the Franz Liszt of sight-reading presentations.

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Between them, the companies spent approximately 77.75 billion yuan (.19 billion) on R&D, up 24.8 percent year-on-year.

Better connectivity will bring more economic opportunities, which will substantially improve people's livelihoods, he said.