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Chinese e-commerce giant JD will speed up efforts in technology investment and said its expenditure on research and development amounted to more than 13 billion yuan (.9 billion) in the first three quarters of this year, surpassing the 12.1 billion yuan it spent in 2018.

Chinese e-commerce giant JD.com is looking at developing magnetic levitation, or maglev, technology as part of its future plans to build smart logistics networks.

Chinese consumers' growing impatience with time-consuming restaurant visits, and their reluctance to cook at home due to work pressures, are also key factors.

Chinese e-commerce platforms saw revenues grow to 21.88 billion yuan (.48 billion) during January to November last year, a rise of more than 40 percent compared with a year earlier. Online gaming and online advertising sales reported increases of more than 20 percent during the same period last year.

Chinese lenders bought 8.3 billion worth of foreign currencies and sold 7.6 billion worth last month, resulting in net sales of .4 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.