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American will cut its management and administrative staff by 30 percent. The reduction amounts to more than 5,000 of American's roughly 17,000 management and support workers.

Amazon’s headcount has grown by a staggering amount?over the last few years. Its employment numbers increased close to 10 percent in the last three months?and 47 percent over a year ago, when its employee count stood at a paltry-by-comparison 183,100 people. That’s an increase of 85,800 employees?in one year — more than the entire city of Bellingham, Wash.

Amazon’s hardware strategy so?far?has been to offer the cheapest devices around, and then make money by converting hardware customers in online shoppers, e-book buyers and Prime subscribers.

Amazon’s move into Bellevue is somewhat of a homecoming — Bellevue was actually its original birthplace. CEO Jeff Bezos moved the company’s headquarters?out of his garage?and to Seattle’s urban core early on.

Among 43 A-share listed firms with their market value exceeding 10 billion yuan, Gree Electric has a latest market value of 311.1 billion yuan, second largest in the home appliances sector.