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Appeal made to mayor for more affordable housing

Another possible factor: “Amazon is a conservative buyer,” Burgess said. “They think long term and they don’t get seduced by high-flying valuations.? For example, there was good business logic for them to acquire Twilio and add CPaaS (Communications Platform as a Service) as a feature set to AWS — but the IPO went out at over 16x revenue and if we see an acquisition by Amazon, it will most likely happen when that valuation falls back to earth. Even with the down rounds and the fallen unicorns, valuations are high — often out of range for a conservative acquirer like Amazon.”

Any of these steps would be a major reform. Taken together, they are a big move in the process of using both domestic and foreign competition to push upgrading of the Chinese economy.

Anjuke inked a strategic partnership in April with online platform Myfun under REA Group, an Australia-based global digital advertising business specializing in property, to help the latter further expand its Chinese mainland footprint.

Animals are seen in the foreground of a bridge of the Nairobi-Mombasa Standard Gauge Railway on Dec 5 near Nairobi, Kenya. CUI LIU/FOR CHINA DAILY