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Amgen wants to accelerate the transformation of its healthcare model from disease treatment to prevention through collaboration with multiple stakeholders to help the country achieve the Healthy China 2030 initiative.

Amid the churn, there have also been some welcome instances of big companies lending a helping hand to the small and mediumsized firms. Hong Kong-based Centaline Group, a leading Chinese property agency, has set up Yuancui Information Technology, a platform that helps small and medium-sized property agencies to leverage on its extensive resources for further business development.

Amazon’s stock is essentially flat, trading up .51 a share to 6.25. But if Alibaba is able to raise money at a 0 billion evaluation, Amazon will have a new competitor. Its market cap currently sits at slightly more, or 3 billion.

Amazon’s response:?Amazon clapped back in a tweet, saying “we don’t use individual sellers’ data to launch private label products” and contending that “Walmart is much larger; Amazon is less than 4% of U.S. retail.”

Among all these 40 Chinese mainland TMT sector IPOs, 14 were in the hardware and equipment sector, accounting for 35 percent of the total. The software and service sector featured 26 IPOs, accounting for 65 percent of the total.