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DES MOINES - The Kimberleys have toured thousands of miles over the past few months to China to make preparation for launching a model farm for growing soybean, where roughly two-thirds of US soybean exports go every year.

Customers (seated) select clothing materials at a store of Hanbond, a provider of customized men's garments, in Huizhou, Guangdong province. The company expanded rapidly with the support of ToJoy, an online-to-offline platform that connects startups with investors. [Photo provided to China Daily]

Cross-border e-commerce and international logistics platforms have shown great potential in this field. In 2017, Fujian's cross-border e-commerce trade generated more than 300 billion yuan of revenue, registering growth of more than 35 percent annually for three consecutive years.

Currently, the company makes a significant majority of revenues from livestreaming services. In 2019, it generated 671.4 million yuan of revenues from livestreaming, representing 88.5 percent of total revenues. Other sources include membership, advertising, health-related and family planning services.

Cui Dongshu, secretary-general of the China Passenger Car Association, agreed that the price advantages of mobility services have weakened the customers' purchase willingness, but significant influence won't come to fruition in the near future. He said: "Despite younger Chinese customers' preference for mobility services, there are a large amount of elderly people who would like to own a car. They see the car as a possession or an icon of wealth, instead of merely transportation."