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But the recovery also revealed the customers' preference for international brands. Sales of Chinese-branded passenger cars fell by 9.4 percent on a yearly basis to 532,000 units in April. The combined market share of Chinese brands fell by 2.6 percentage points to 34.6 percent during the month. Though still the lion's share, it was the lowest since July 2014. The share in the first four months fell by 1.2 percentage points from the same period last year to 38.1 percent.

By July 27, more than 100,000 pirated copies of Red Star over Chinawere sold on Pinduoduo, along with more than 50,000 pirated copies of The Long Marchand over 50,000 volumes from the Harry Potter series, according to the publisher.

But the grilling got more intense, and personal, Tuesday afternoon when Downing pressed Gates about a "secret life" he said was funded by embezzlement, including an extramarital affair that Gates himself acknowledged. Gates also said he may have submitted personal expenses for reimbursement by Trump's inaugural committee, which he helped operate.

But the fact that it is focusing on a direct?Echo competitor is definitely new. It seems like it had the perfect opportunity to launch it last year, embedded in its super-smart WiFi router—another non-Nest hardware device. The thing even looks like an Echo.

But the stock fell?more than 4 percent anyway, down to ,431 per share.