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As part of efforts to revive consumption with the country making headway in fighting the novel coronavirus outbreak, social commerce sites like Xiaohongshu have rolled out enterprising measures, by summoning influencers and other key opinion consumers to shop in brick-and-mortar stores and encouraging them to share experiences and insights online.

As of the end of 2018, the number of foreign enterprises in Guangxi exceeded 5,000, contributing a total investment volume of .7 billion.

As part of the .3 billion cash and stock deal announced Monday, Lore will continue to run Jet and he will also be in charge of Walmart’s e-commerce operation. Citing a source close to the situation,?Recode reports?that Lore’s deal with Walmart is for at least five years, an unusually long time for such an agreement. Usually,?the acquired company’s CEO is required to stay on for a timeframe closer to two or three years.

As one of the growing number of livestreamers, Yan stands for a new way of shopping in the country, sweeping retailers in a boom of "live commerce", the convergence of e-commerce and livestreaming.

As of the end of last year, China's macro leveraging level - the total debt-to-GDP ratio, declined to 249.4 percent from 250.9 percent in 2017, according to data from the central bank. Yi, the governor, said that to raise funds through the equity market, rather than relying too much on issuing debt, is a method to stabilize the level of leverage.