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As a typical mountain village. the total number of households is 64 comprised of 136 people, of which 50 households of 101 people are low income families.

As a result, China's retail sales, a key indicator of consumption, rose by 4.3 percent in October from the year-earlier month, and gained 3.3 percent from September. In another indication of economic recovery, industrial output increased by 6.9 percent year-on-year last month, according to the National Bureau of Statistics.

As a new business model, sharing economy is of great market value and potential, for it combines "platform" and "service" together, said Pan Helin, executive director of the Institute for Digital Economics at Zhongnan University of Economics and Law. "On the other hand, the sharing economy can effectively improve the utilization efficiency of idle resources, and attracts investment of market-oriented enterprises."

As competitors crumble under the pressure to keep up in the age of online retail, Amazon CEO Jeff Bezos had a message for employees who think the fate of Sears or Toys ‘R’ Us couldn’t befall the tech giant:?“Amazon is not too big to fail.”

As competition has ramped up, and Amazon steps into the grocery arena, grocers are beefing up their online and logistics operations. Albertsons, for example, this year began rolling out same-day delivery services, a drive-up grocery option and acquired meal kit company Plated. Other retailers are following suit, in addition to turning to the established Instacart to beef up speedy delivery options.