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JD has built an unmanned businesses-to-consumer warehouse in Shanghai, which can handle tens of thousands of orders on a 24-hour basis.

It’s the second time that the sector surpassed the previously most profitable financial industry. The annual salary in IT rose 8.7 percent over 2016, while the financial industry recorded 4.6 percent growth, the lowest among all industries.

Its total assets amounted to 6.14 trillion yuan at the end of 2017, up 4.78 percent from the end of 2016.

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It’s not just Amazon.com that’s eyeing this space. Earlier this year, Google purchased BufferBox, a Canadian rival to Amazon’s locker service.

JD Worldwide, the company's cross-border commerce unit, will introduce more than 500,000 imported goods from more than 100 countries and regions across the globe during this year's shopping bonanza

Its completion time also has been moved from 2029 to 2033.

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It's envisioned that the new area will accommodate some noncapital functions to be transferred from Beijing.

Ives and Backe said Apple needs to consider an iPhone-price cut in China. “Apple is facing a ‘code red’ situation in China, and the right pricing strategy around XR and future versions will be key to putting a ring fence around the core installed base in the region.

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Italian-born Gianluca Pettiti, president of Thermo Fisher Scientific China, a healthcare technology company, believes that in this age of customized this and personalized that, it is perhaps only fitting that the medical practice, which has been somewhat standardized for decades, should also become person-specific, highly precise to meet individual needs.

It’s not clear how many people are actually using sophisticated AR and VR apps for work or fun, but several companies are investing heavily in the future of what Microsoft calls “mixed reality” in anticipation of a spike in demand. Microsoft showed off several mixed reality scenarios last week at its Build developers conference, and AWS is helping companies like Fidelity Investments build applications for their services on platforms like Oculus Rift and mobile devices like iOS and Android with Amazon Sumerian.