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Among the requirements are that the listed firm has been listed for more than three years and reported net profit, after deducting that from the subsidiary to go public, of at least 1 billion yuan (1 million) over the recent three fiscal years.

Amid mounting concerns about hefty pricing and valuations that prove hard to sustain, the new economy frenzy has fizzled out. Among the 19 Chinese mainland companies that raised a combined total of HK.1 billion in Hong Kong this year, nine firms traded below their offering prices on the first day of trading. As of Thursday, only five companies managed to stay above their offering prices.

Among the latest achievements is a new artificial intelligence-driven chip unveiled by Alibaba that specializes in machine-learning tasks. The chip is currently being used in optimizing consumer experience product searches and automatic translation on e-commerce sites, personalized recommendations, advertising, and intelligent customer services.

Amazon’s new program, in partnership with DHL and Audi, was announced on its German website, with?the stated intent?to start with a?pilot in May and eventually expand the program worldwide.

Amazon’s stock is now trading around 3 per share, an increase of more than 7 percent from yesterday’s close of 2. That’s up more than 94 percent from where it was to start the year.