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Amazon’s profits come at an important time for the company on Wall Street. Its second and third quarters disappointed investors, and this quarter has driven new interest in Amazon’s business. Turning a profit – its largest since 2007 – shows that Amazon is capable of making money at a time when people have been skeptical of its financial outlook.
Amazon’s standard Prime subscription rate is 9/year, which would translate into revenue of more than .8 billion, although the company offers discounted memberships for students and others. Amazon incurred .9 billion in shipping costs in the fourth quarter alone. The company doesn’t disclose the total amount it collects in Prime membership fees or separate shipping fees from customers, but historically its total costs have significantly exceeded what it collects.
Among the 100 surveyed cities, average new home prices edged up 0.53 percent to 15,461 yuan (,189) per square meter in June from May, according to the China Index Academy, a property research institution.
Amazon’s Treasure Truck?drives around Seattle with heavily-discounted items that people purchase via?Amazon’s mobile app. It launched earlier this year and has sold everything from Thanksgiving turkeys to Harry Potter books.
Among the four sub-sectors of the TMT industry, the technology industry recorded the highest investment volume, with its investment value outpacing the internet and mobile sub-sectors.