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But international e-commerce can also be a tough business. Amazon had decided to close its China stores earlier this year due to fierce competition. Meanwhile, China's online retail market is expected to slow down to a 15 percent compounded annual growth rate, according to estimates from consultancy firm Mintel, suggesting the likes of Alibaba have to look out for new sources of income.
But beyond its huge scale, the gala reflects a paradigm shift in consumer behavior, as more shoppers look to imported goods, which they view as being of higher quality - -even though they cost more - -and some of which are even designed exclusively for the Chinese market.
But sales of new cars have declined for 12 consecutive months. Last month, the sales reached 2.06 million, down 9.6 percent year-on-year, according to the China Association of Automobile Manufacturers. Sales from January to June totaled 12.32 million, falling 12.4 percent year-on-year.
But Nike ended the arrangement earlier this month. “Nike officials were disappointed the deal with Amazon didn’t eliminate counterfeits and give the brand more control over gray-market goods that account for many of the Amazon listings,” the Wall Street Journal reported.
But he also said that the list does reflect the rise of privately-owned companies such as Alibaba and, by extension, the power of the market in the wake of China's economic transformation.
来源：资阳报