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Commercial and residential demand takes a hit

Company data shows that Alibaba Cloud reported revenue of 4.39 billion yuan (4.96 million) in the first quarter of this year, up 103 percent. Total revenue for the 2017 fiscal year reached 13.39 billion yuan, an increase of 101 percent.

Collaborative innovation platforms will be established to encourage the industry-university-research cooperation among enterprises, universities, hospitals and institutes, the bureau said.

Compared with other electric vehicle, the e-Golf provides an exciting and dynamic driving experience, thanks to the XDS electronic differential lock.

Compared to last year's list, a total of 25 new companies managed to list - or relist - their names among the 500 this year, with Chinese firms accounting for 13, including China Development Bank, CRRC Co Ltd, Tsingshan Holding Group, Jinchuan Group Co Ltd, Gree Electric Appliances Inc, Anhui Conch Group Co Ltd, Huaxia Life Insurance Co Ltd and Xiaomi Corp.