Shares of Alibaba and shares of JD.com, another two Chinese famous e-commerce giants listed in the US equity market, dropped 3.23 percent and 3.48 percent respectively on Monday.
She added that the reduction amounts to a loss of about 5 billion, which is "larger than the size of South Africa's economy."
Shanahan reaffirmed the US commitment to an independent, sovereign Iraq that is capable of defending itself, the release said.
She also believes that data on progress is paramount to urban development.
Shanghai Aircraft Manufacturing Co, part of aerospace manufacturer Commercial Aircraft Corp of China, is looking to leverage the combination of 5G, artificial intelligence and cloud computing to upgrade its industrial park and facilitate the building of China's indigenous aircraft, said general manager Yu Zemin.
Several other Chinese companies, most of which export consumers goods like toys, home appliances and garments, expressed similar sentiments in the investor relations section of their websites. They said exports and profit margins are expected to increase after the US tax cuts.
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Shanghai has formed an artificial intelligence industrial alliance dedicated to "resources matchmaking" as the city gears up to become a global leader in pioneering the latest AI practices.
Shanghai police said on Wednesday that a man surnamed Wang, 57, and a woman, surnamed Zhou, 49, have been arrested on suspicion of sexually abusing a nine-year-old girl in a hotel.
Shanghai has reaffirmed its credentials as a long-term investment destination, as its resilience on high-end manufacturing and tech-driven modern services helped offset the downtrend due to the novel coronavirus outbreak, according to official data.
Shanghai has rolled out a guideline for COVID-19 control for the hotels.