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Consumers choose cosmetics at a department store in Shanghai. [Photo provided to China Daily]

Convoy’s vision has expanded since Dan Lewis and Grant Goodale left Amazon to launch the company in 2015. As they’ve developed more relationships with truckers and shippers, the co-founders see inefficiencies on both sides that can be solved with data-driven software around the existing marketplace that matches them together.

Consumer inflation, indicated by the consumer price index, eased to a 14-month low of 2.4 percent in May, down from 3.3 percent in April, and the producer price index, which measures factory-gate prices, dropped by 3.7 percent from a year earlier, according to the National Bureau of Statistics.

Constellation Brands, a Fortune 500 company based in Victor, New York, and the owner of the Corona label, was compelled to issue a statement on Feb 28.

Consultancy iResearch, which provides online audience measurements and consumer data in China, said the report followed extensive analysis on current conditions and prospects for the cyber celebrity related economy.