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Among projects that kicked off in the first quarter, the Zhanjiang branch of Baosteel, one of China's largest steel makers, plans to invest roughly 19 billion yuan in the construction of its third blast furnace.

Amid fast-changing developments, Microsoft's exit from the scene came a week before Trump promises to follow through with his plan to ban the app in the US, if its assets there are not sold. Microsoft was the first to confirm it was courting TikTok. It had teamed up with the retailer Walmart to make its bid.

Amazon’s stock surge over the past five years. (Image via Google Finance)

Amazon’s interest in the pharmaceutical business goes back decades. Amazon in 1999 invested in drugstore.com, the Bellevue, Wash.-based distributor of drugs, vitamins, and beauty products that traces its roots to the?early days of the e-commerce revolution. Amazon was thought of as a possible buyer for the company before Walgreens scooped it up in 2011 for 9 million before shutting it down last year.

Amer International Group is among a growing number of enterprises that have been attracted by Xinjiang in recent years, as trains and planes have made Xinjiang better connected than ever before.