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As China's second-largest e-commerce company, JD's performance in the second quarter of this year was worse than market expectations, according to the report.

Apple’s change in return policy could help it with competition from other retailers like Amazon and Best Buy. While Apple holds an advantage over its competitors from selling built-to-order Macs, it’s easy for customers to choose another electronics retailer for their purchase of stock hardware. The more purchases Apple can keep within its manufacturing and retail ecosystem, especially as it gears up for back-to-school shopping season, the higher its profits.

Apple Inc saw a nearly 10 percent decline in its China revenue in the latest quarter ending in July, as local consumers switched to newer domestic phone offerings and its 10th anniversary iPhone edition is yet to be released to invoke user enthusiasm.

As China and Kenya continue to work closely towards the actualization of the Belt and Road Initiative, I hope that additional opportunities for skills and knowledge transfer will arise to benefit more Kenyans.

Apple CEO Tim Cook attributed the "biggest" quarterly gains to all-time high revenues generated from services that include Apple Pay, iCloud, Apple Music and Apple Care.