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Among the five cornerstone investors of Haidilao's IPO, Hillhouse Capital and Greenwoods Asset Management have committed million each. Morgan Stanley Asia and Morgan Stanley Investment will jointly take a stake worth million. Snow Lake Capital and Ward Ferry will invest million and million respectively, reported SCMP earlier.
Among local brands, February saw the release of 10 new models, decreasing by 70.6 percent from a year earlier. Shipments of local brands reached 5.86 million units in February, with a decline of 55.3 percent year-on-year, accounting for 91.8 percent of the total domestic shipments.
American Airlines said it flew a Boeing 737 from Miami to Nassau to drop off 14,000 pounds of relief supplies. The airline is also giving frequent-flyer points to customers who donate at least to the Red Cross.
Amazon’s push for faster shipping has reshaped the retail industry, with many competitors such as Target and Walmart now offering their own free two-day delivery options. Walmart in May?unveiled free one-day delivery on more than 200,000 items with a minimum order threshold of . Best Buy announced its own free next-day delivery offering last month.
Amazon’s cloud powers vast swaths of the internet, so perhaps it was only a matter of time until the debate over blacklisting extremist sites ended up at the company’s feet. The Seattle tech company is looking into whether websites tied to extremism use any Amazon services.