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As Chinese e-commerce giants make forays into property sales online, established realty firms should upgrade their digitalization efforts to secure their position, experts said.

As China's first big data pilot zone, the mountainous province of Guizhou has attracted heavyweight players, including Apple, Qualcomm, Huawei, Tencent, Alibaba and Foxconn, to establish cloud computing and big data centers as well as regional headquarters.

Apple said in a statement to China Daily the request for reconsideration is the first step in appealing the preliminary order, which banned the import and sale of several of its iPhone models in China.

As China has been working with other countries to make economic globalization more inclusive and balanced to mitigate the effect of the COVID-19 pandemic, he said the country's promotion of the dual-circulation development pattern will prove timely.

Apple CFO Luca Maestri told analysts on the conference call that the company sees even more growth ahead for this part of its business. “Our iCloud storage business is growing very quickly, and so that is a business that also at a geographic level we can continue to grow significantly.”