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The company’s cloud computing division continued to?boost Amazon’s profitability. Amazon Web Services posted 8 million in operating income, or 56 percent of the company’s overall operating income of .29 billion for the quarter.

The company said it made a major breakthrough this year by launching its duplex stainless steel products－high-strength steel with lots of chromium－in Europe's high-end materials market.

The company said Champion, Calvin Klein and Under Armour were the top three foreign brands favored by Chinese consumers. Moreover, the sales of household products, personal care and cosmetics saw robust growth.

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The company's listing on the NASDAQ also adds credibility to its operations, Lee pointed out, and "doing business with us is just like doing business with a US company".

The company said that it would focus on self-dependent innovation of core technologies and continue to increase spending on R&D of core products such as 5G in the future.

The company says the delivery build-up will supplement?outside services such as UPS and FedEx, but increasingly it’s clear that Amazon is looking to take this aspect of its business into its own hands, despite the?high cost of establishing a delivery infrastructure.

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The company's massive expansion plan, which could see its annual output rise almost 20-fold by then, is underpinned by solid demand from the domestic market.

The company sold more than 380,000 vehicles in 2016, a year-on-year increase of 96 percent. It has achieved a more than 80 percent average compound annual growth rate for six consecutive years, from 2011 to 2016.

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The company noted that a record number of Prime items were shipped on Amazon’s peak shopping day. That was part of an overall spike in shipments that overwhelmed UPS and FedEx, causing delays in some Christmas packages.

The company plans to charge similar amounts to Uber but will allow drivers to keep a greater share of fares.