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But the spending extravaganza had already started as early as the Singles Day pre-sale in October when sales volume exceeded 36 million items in Shanghai. Again, Shanghai was the highest, eclipsing second-ranked Guangdong province that had 18.49 million items, according to China Commercial Industry Research Institute.

But some of those startups turned into Big Businesses a lot faster than anyone could have really anticipated. As Amazon and Microsoft gear up to report earnings this week, we’ll get another data point that suggests just how much cloud spending continues to accelerate.

By 2022, 24/7 convenience stores in Beijing will likely dominate the neighborhood retail sector. Each district will have at least one night commercial area, said Yan Ligang, director-general of the Beijing Municipal Commerce Bureau.

By June, BOC assets and liabilities grew 7.04 percent and 7.42 percent from the end of last year. The bad loan ratio edged down to 1.38 percent, and the provision coverage ratio stood at 152.5 percent.

By 2020, Shanghai aims to have 3,000 hydrogen-powered vehicles in operation.