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Another member Zheng Gongcheng said that only by building inner faith and hope could the endogenous power to defeat poverty be long-lasting, and suggested prioritizing efforts in education and employment to enhance the capacity of people in poverty.

Apart from its efficient products and attractive designs, Gree is well known for energy and environment conservation, winning approval from the Brazilian government.

Another source said the LBS unit hired Zhang Shaowen as tech leader. Zhang was earlier serving as vice-president of used car platform Renrenche. Before that, he was general manager and chief web architect of intelligent navigation at Baidu Map.

Apart from Hong Kong's well-established legal system, it has a solid infrastructure, a sound banking system, free flow of capital, low tax rates, and a highly regarded regulatory regime, he explained.

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.”