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Another good story he shared was how he came up with the name Alibaba. He said he wanted a name that would be globally acceptable and when he asked Americans what they thought he said it resonated. People assumed?it was a reference to the folk tale, “Ali Baba and the Forty Thieves.”

Ant Group, China's financial technology conglomerate, filed its listing documents in Shanghai and Hong Kong on Tuesday, according to its filings on the two cities' exchanges.

Another noted trend is that Alibaba's sales and marketing budget climbed 90 percent in the last quarter of 2017, significantly higher than the 42 percent growth rate for research and development.

Another USTR report also treated Russia harshly, saying the country had no intention of complying with its WTO obligations.

Annual rankings by the Genetic Engineering & Biotechnology News, a US-based industry journal, showed Amgen was ranked first among biopharmaceutical companies in the world for 2019 for the second time. It is one of the world's largest independent biotechnology companies, with its headquarters located in Thousand Oaks, California.