In the first three quarters of 2020, China’s online retail sales exceeded 8 trillion yuan, a year-on-year increase of 9.7%. Online retail sales of physical goods reached 6.6 trillion yuan, a year-on-year increase of 15.3%. Online retail is accelerating the digital transformation of market players, giving birth to new business models, improving the efficiency of the industrial chain, supply chain, and value chain, and fostering…

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