The company released the following statement in response to GeekWire’s inquiry: “Amazon employs over 500,000 people worldwide, and we’re continuing to hire across the company. We are constantly evaluating headcount needs to ensure we’re dedicating resources efficiently and effectively, so it’s common for there to be minor fluctuations in headcount in different parts of the company.”
The company's financial report for the whole fiscal year 2016/17 showed sales of 2.4 billion Swiss francs, up by 15.3 percent in local currencies or 15.6 in Swiss francs. Asia Pacific contributed to 10 percent of the total, while China was second in the region after Australia.
The company saw its revenue and net profit grow 10.12 percent and 21.92 percent year-on-year, respectively, in the first three months of this year.
The company said its research and development expenditures last year rose 71 percent year-on-year to 48.5 million yuan.
The company violated China's laws and regulations on drug management and production supervision in producing a human rabies vaccine, including blending different batches of vaccine fluid, falsifying dates of production and using expired fluid to produce some of the batches, according to administrative penalty decision made by national and local drug authorities.
The company's AI institute has seven laboratories in Beijing, Nanjing in East China's Jiangsu province and Guangzhou, focusing on research in AI infusion on smart medical and health services, robotics, big data, computing and finance, information perception and automation.
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The company is reportedly gearing up to announce Alexa-enabled phone service sometime in the next few months. In March, Recode quoted unnamed sources as saying that new hardware optimized for phone calls and in-home intercom?applications is undergoing beta testing.
The company said it will provide training intended to limit spread of the coronavirus and follow safety protocols.
The company is hiring 30,000 new employees, including delivery drivers and personal shoppers, to help meet the demand. It is also implementing a series of new measures to ensure the safety of customers.
The company's optimism on the Chinese market stems from the stock connect between the London and Shanghai bourses that was established last year. The Shanghai-London Stock Connect enables companies to float shares on both exchanges simultaneously via a depository receipt mechanism, a milestone in China's accelerated financial opening-up.