On the bright side, he predicted that Amazon Web Services will become a bigger part of Amazon’s profit, rising from 12 percent of gross profit in 2012 to 17 percent in 2014.
On Thursday, police in Yancheng, Jiangsu province, raided four factories that were counterfeiting thousands of Starbucks' popular cat's paw mugs.
On Tuesday, a workshop titled Experience Peking Opera was held at Oxford Brookes University to explain the intricacies of Peking Opera, which is also known as Jingju.
On Thursday, Tsai delivered a speech while celebrating the "national day" of the island, during which she said the mainland's development posed threats to the world. Tsai said the island is on the front line of safeguarding democracy in the region.
On Tuesday, Liu, 36, turned himself in to Tianjin police.
On Wednesday and Thursday, Liu met with Ren Xuefeng, deputy Party chief of Guangdong and Party secretary of Guangzhou; Wang Weizhong, Party chief of the Shenzhen Special Economic Zone; and Liang Weidong, mayor of Dongguan, to discuss economic cooperation between Garze and the prosperous cities in the Pearl River Delta.
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On Tuesday, a picture showing a questionnaire that a local kindergarten had used to ask children whether they were involved in gangs went viral on the internet. The local educational bureau said that the research was meant to stop bullies in kindergartens instead of finding gangster members.
On the night before the news conference, it announced that aiBank, a direct banking joint venture launched by China CITIC Bank and the country's leading internet search company Baidu, will double its registered capital to 4 billion yuan by issuing 2 billion new shares. The shareholding of China CITIC Bank and Baidu in aiBank will remain unchanged at 70 percent and 30 percent, respectively.
On Wednesday, Xiaomi also launched a new application performance management and monitoring platform. For large content providers, the new platform will enable them to quickly detect network problems and improve the service quality.
On the heels of the news, its shares hit records at both the Shanghai and Hong Kong stock markets on Jan 18.