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As American newspapers — many that started as family-owned publications — were sold to large corporations and in some instances hedge funds, the bottom line became paramount.

Apple Inc is launching a large promotion campaign in China to promote Apple Pay, in a move to expand its presence in the local mobile payment market dominated by Alibaba Group Holding Ltd and Tencent Holdings Ltd.

As China prepares to soon unveil a three-year action plan for its State-owned enterprises' reform to further focus on mixed-ownership reform and reorganization, industry experts said the move will aid the government's efforts to steer the economy toward innovation and technology-driven high-quality growth.

Archi Kalandia, Georgia's ambassador to China said: "We are fully supportive of the BRI implementation and will continue to reinforce the cooperation with other Central Asian countries. We are now constructing a railway that connects Central Asian countries. Once completed, the railway will greatly decrease transportation time and cost and bring economic benefits to the region."

Apple CEO Tim Cook said the company has set a new quarterly record as its revenue from services, including Apple Music, the App Store and other businesses, reached .5 billion for the second quarter of 2019.