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Amazon’s longstanding review process reflects?CEO Jeff Bezos’ lofty standards for hiring and promotion. (GeekWire File Photo)

Amazon’s net sales rose 26% to .5 billion in the first quarter, exceeding Wall Street’s expectations as people around the world relied on the company’s massive e-commerce infrastructure during the COVID-19 crisis.

American Airlines, which has 24 MAX jets, plans to keep the aircraft off its schedule until Nov 3, two months longer than initially planned. United Airlines, which has 14 MAXs, extended flight cancellations of the plane until Nov 3, a month longer than expected. Southwest Airlines, which has 34 MAX jets, has canceled about 150 flights a day.

Among the overseas companies the MIIT have approved, Shanghai, Beijing and Guangdong province are the top three destinations for overseas telecom investment, with the number of registered overseas companies hitting 54, 25, and 17 in each respectively, the report added.

Among all the promising sectors, China's rapidly developing new energy automotive segment, as well as electrical and electronic industries, are expected to create huge market potential.