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An unidentified analyst told Shanghai Securities News that currently regrouping in SOEs is aimed at absorbing companies in difficulties.

Analysts said tighter lending has obviously affected transaction volumes for residential properties in Shanghai, particularly in the preowned home market.

Analysts are expecting another big quarter for Amazon’s balance sheet even as the company continues to invest heavily in its e-commerce infrastructure and faces antitrust scrutiny from regulators.

Analyzing the reason why Douyin partnered with Luo Yonghao who has a poor record in selling his own brand of smartphones, sina.com.cn said was because of his "topic creator" identity rather than how many products he can sale.

An undated photo of President Xi Jinping walking with his mother. The photo is on Xi's bookshelves in his office. [Photo/Xinhua]