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Challenges remain for autonomous driving companies worldwide. They need a more transparent regulatory framework and restoration of public trust on safety.
Cao Lei, director of the China E-Commerce Research Center, said the acquisition will create the largest cross-border e-commerce platform in China, which will account for more than half of market share, far outstripping rivals such as JD's cross-border e-commerce unit and VIP International.
Car sales in China are estimated to slump in the first quarter of 2020 as the novel coronavirus concerns the industry, posting a three percent decline in whole year performance compared to 2019. But the market is expected to rebound starting in mid-February, according to Securities Daily.
Cao Weijing, a partner at PwC, suggested companies should allocate more resources to product innovation and business expansion via differentiated products. Chinese snack companies that have only half of the product development ratio-R&D funding versus sales revenue－have relatively lower margins, compared to their global peers, she said.
来源：资阳报