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Cao Lei, head of the China E-Commerce Research Center said: "From the statistics of major cross-border e-commerce platforms, we found that cosmetics, bags, maternal and child products have kept their leading positions in sales. Meanwhile, demand for mid-range and high-end luxury products has soared."
Charlie Dai, head analyst at Forrester Research Inc, said Microsoft is injecting AI into all of its businesses, including its Azure cloud services, which are gaining stream in China. But the company also faces mounting competition from local players such as Alibaba Group Holding Ltd and Huawei Technologies Co Ltd.
Carmakers are continuing to regain lost ground in China as the industry notched its third consecutive month of growth in June in the world's largest auto market, but the China Association of Automobile Manufacturers expected total sales in the year could fall by 10 percent to 20 percent from 2019.
Chairman of ZTE Corp, a major Chinese telecom equipment maker, on Friday called on the global community to adopt an open, collaborative and win-win approach to 5G, as the superfast technology is at the tipping point for commercial application.
Carrefour runs a network of 210 hypermarkets and 24 convenience stores in 51 Chinese cities.
来源：资阳报