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Big data analytics technology was used to enhance efficiency. Founded in 2014, the Beijing-based company is valued at more than billion after raising 0 million in its latest round of financing in July.

Bloomberg reports that the deal will give Amazon a 5 percent stake in the retailer, in its first investment in a publicly traded Indian company. The cash infusion will help Shoppers Stop open 20 new stores over the next four years, bringing its footprint to 100 locations in India.

Big data, cloud services, IoT (the internet of things), and AI (artificial intelligence) will breathe new life into every industry and sector to help transform the economy.

Both countries will further strengthen bilateral cooperation in infrastructure, animal husbandry and mineral resources, Qian said.

Biya is paying a state visit to China from Thursday to Saturday at the invitation of Xi.