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Among other measures, the company decided late last year to separate its Chinese businesses from those in the Asia region, which will facilitate decision-making in the fast-changing market.

Among other anecdotes, the report cites the experience of a former third-party seller, Jason Boyce, who told the subcommittee’s staff about several instances over his seventeen years as a seller when Amazon leveraged his work, undercut him on price, and eventually drove him out of business,” leading him to found his own consulting business for Amazon sellers.

Ambassador talks trade at Penn Wharton China Summit

Among 53 listed central State firms that have so far filed annual reports with the Shanghai and Shenzhen stock exchanges, 43 firms, or more than 80 percent, witnessed surging profits last year.

Amazon’s Prime Air Delivery Drone would deliver packages to customers’ doorsteps