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The e-commerce giant?has quietly leased a 17,500-square foot building in Seattle’s SoDo neighborhood, at 6th Avenue and Holgate Street, according to property records uncovered?by?GeekWire.

The equity purchase was announced late on Thursday, as e-commerce giant Alibaba reported robust quarterly sales that shrugged off concerns amid a broader market slowdown.

The e-commerce to cloud-computing conglomerate is said to have picked China International Capital Corp and Credit Suisse Group AG as lead banks. While China's largest corporation could raise up to billion, Alibaba has not finalized its fundraising target, the people said.

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The education initiative is called Greenlight. On Sept. 6, employees of sea.citi member companies will deliver school supplies for students at Aki Kurose Middle School, serve a catered lunch, and mentor students on their post-school goals. Over the past few months, employees of sea.citi companies have been donating money to the Greenlight discretionary fund, which will be managed by Communities in Schools. The nonprofit will direct funds to programs and individual students with specific needs.

The era of tough financial supervision has just begun, analysts agreed.

The engines are cut back further when the plane reaches its cruising altitude of about 35,000 feet (10,668 meters).

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The e-commerce giant announced this week that it would roll out a service under Ali Health to solve the problem of finding prescription drugs for numerous ailments.

The economy is currently going through a structural transformation that comes with a transition from traditional driving forces to new ones, he said.

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The emergence of telecommuting represents the increasing digitalization of Chinese enterprises, which ensures a boost in the market and users in related fields, said Chen Lu, an expert on digital enterprises.

The economy has shifted from one focused on investment, export and consumption, to a mainly consumption-driven one, and the guideline provides guidance on what consumption should be promoted for the country's long-term and healthy development, said Zhu Lijia, a professor of public management at the Chinese Academy of Governance.