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And it seems pretty clear that AI is the next battleground for cloud providers, allowing their customers to tap into AI expertise that only the world’s biggest companies can afford to put together these days. Google has arguably been at the forefront of AI research among cloud vendors, and while Amazon has committed lots of resources toward AI research, it tends to lag behind its cloud rivals when it comes to AI services.

And according to his LinkedIn profile (for now), Woo is working for Adam Bosworth, the former Salesforce engineer who joined AWS in 2016 and has been linked to the low-code/no-code project by a report in The Information last year. Bosworth’s project is also tied to the noncompete battle AWS lodged against former executive Gene Farrell, who joined Smartsheet, which is working on low-code/no-code services, in 2017 as senior vice president of product.

Analysts from Haitong Securities cautioned to investors in a research note that the technologies of blockchain and cryptocurrency are still quite immature.

Analysts believe that the torrid growth of China's fintech sector will inevitably slow, which will present both challenges and opportunities for the companies, especially as more mature regulations are imposed, and a degree of consolidation may take place.

An unmanned express delivery vehicle runs on the street of Xiong'an citizen service center in Xiong'an New Area, North China's Hebei province on March 31, 2019. [Photo/Xinhua]