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"Compared with other online luxury platforms, our company is built around competitiveness," said Hong Xiaobo, chief operating officer of the company.
"China's internet development has been an indisputable success. China's homegrown tech juggernauts, including 'BAT' or the top three firms, Baidu, Alibaba and Tencent, are undisputed leaders. A fleet of startups, such as Didi, Bytedance and Pinduoduo, have joined China's internet ecosystem and provided Chinese users with a whole package of leading services," Gambardella said.
"Considering the current market environment, online sales prove an advisable way to lower customer acquisition cost," said Shen Xiaoling, an analyst with Shanghai-based CRIC.
"China's global role has evolved from a low-cost manufacturer in the late 1990s to the world's growth engine around 2010, and now an unarguably global innovation engine, especially in areas such as high-speed trains, electronics, large passenger jets and nuclear power technologies," he said.
"Chinese consumers at home may not barbecue or bake fish in the style of Americans or Europeans. Instead, they may put it into hotpot or even in steamed dishes," said Jeff Welbourn, senior director of new business development of China for Trident Seafoods, a US-based seafood company.