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Amazon’s stock hit an all-time high today, closing at 8.43 per share, after a Wall Street analyst upgraded the company’s stock, saying that investors have been underestimating Amazon’s global network of distribution centers.

Amazon’s in-house push, as well as its status as a dominant online retailer are likely to make it a big player in fashion and apparel for years to come. Some analysts even predict that Amazon will ascend to the top of the fragmented apparel market this year, and that the company will open up a sizable lead over traditional department stores.

Amid the prevailing market environment, Lai has developed a mix of Hong Kong corporate and individual customers as well as mainland customers.

Amazon’s other food-related businesses include Whole Foods delivery via Prime Now; Amazon Fresh grocery delivery; and Amazon Fresh Pickup. The company surprisingly shut down its restaurant delivery business earlier this year.

Ambassador Xie believes that with full support of the Chinese and the Indonesian governments and hard work of contractors, the project can be settled on scheduled time.