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Amazon’s pioneering cloud business gave the company an early lead in an emerging and lucrative industry but competition is heating up with newer entrants, including Microsoft and Google, particularly when it comes to talent. Google upped the ante when it opened a big new campus for its cloud division right next door to Amazon’s Seattle HQ.

Amazon’s moves show that the company is targeting a wide range of TV-associated devices including Roku as well as TiVo and Slingbox.

Amazon’s response to COVID-19 will be under a microscope Wednesday morning as the company holds its shareholder meeting virtually for the first time.

Amazon’s growth in physical retail raises natural concerns among many of the same traditional retailers whose businesses have been undercut by the company’s online domination. In a special report on the company from this past March, The Economist?cites the possibility of new regulatory scrutiny?for the company in the future. “If Amazon does become a utility for commerce, the calls will grow for it to be regulated as one,” the magazine concludes. “Shareholders are right to believe in Amazon’s potential. But success will bring it into conflict with an even stronger beast: government.”

Amid complex international and domestic conditions since last year, private enterprises have maintained a momentum of stable growth despite various risks and challenges, said Xu Lejiang, executive vice-chairman of the ACFIC.