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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.

Analysts said they believe the upsurge of net profit and net income is a result of cost optimization and increased prices of natural gas, crude oil, refined oil and other products.

And he confirmed his planned attendance at the second Belt and Road Forum for International Cooperation, which will be held in Beijing next month. Mattarella, the nation's president, attended the inaugural forum in Beijing, back in May 2017.

Analysts from Nomura Securities said Beijing is expected to maintain its wait-and-see approach to policy in the near term, neither easing further nor starting to tighten.

Analysts from Baird noted that the Whole Foods takeover “fits Amazon’s general criteria for an acquisition, which includes a strong brand and customer value proposition.”