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Analysts were so surprised by the result that one, Mark Mahaney of RBC Capital Markets, jokingly asked on Amazon’s earnings conference call if Bezos was aware of the size of the company’s profits. The Amazon founder is notorious for running the company on razor-thin profit margins, at best, preferring to plow profits back into strategic initiatives to drive long-term growth.

And in 2015, Amazon launched the short-lived Amazon Destinations, a travel site that sold hotel rooms and emphasized local getaways. The venture lasted only six months, and was a direct competitor to Expedia, Priceline, and Orbitz.

Analysts believe the prices will be propped up in the coming months as the country's electricity consumption braces for its seasonal peak.

An organic-minded restaurateur opens a third outlet for her bubbling specialty. Xu Junqian reports from Shanghai.

An updated action plan was unveiled by the Beijing government on Wednesday detailing development of the city's southern area over the next two years.