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During the second wave — often called “bricks and clicks” — traditional retailers rushed to catch up by integrating physical stores with new online investments. Now, we’re in the thick of the third wave, as “pure-play” etailers that were born on the web are expanding into the physical world; even as many of their more traditional competitors are contracting.

During the second quarter, China's currency devalued five percent, Cook said, adding that that's "not an insignificant headwind."

During its fight against the politics of dictatorship and civil war, the CPC Central Committee issued the "May 1 Slogans" on April 30, 1948, calling on non-Communist parties, as well as people without party affiliation, to convene a political consultative conference and establish a democratic coalition government.

During the past several months, when fears of the virus kept shoppers at home, many retailers and caterers have used the downtime to renovate their brick-and-mortar stores to make them more appealing. Commercial real estate operators have also made adjustments to tenants' layouts to enhance shopping experiences.

During the period, the average duration female users spent on the mobile internet surged 42.7 percent from a year ago, while each female user spent a monthly average of nearly 7 hours on e-commerce apps, up 10.3 percent, said the report.