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Another stark difference between the two device makers — Apple and Amazon — was made obvious last week?when?Amazon launched?four new Kindles in a massive refresh of its tablet and e-reader product lines. It announced them by quietly lifting an embargo late on Wednesday night,?rather than host?a flashy media event, like it did for the Fire Phone.

Another benefit of digitization is it facilitates delivery of goods. Currently, the megastore offers quick-delivery service within a 5-kilometer radius of the store, with minimum time required being two hours. With big data, the store may adjust its stocks according to sales. In addition, goods distribution and adjustment with other store branches becomes easier.

Another major breakthrough in revised law is the stringent crackdown on illegal market behavior, stipulating not only the confiscation of illegal proceeds but harsher administrative punishments.

Apart from the supply side, demand side sectors including car sales, rent and after-sale services also face downturn pressure.

Ant Financial Services Group, a financial technology unicorn run by Jack Ma, teams up with Philippine telecommunication giant Globe Telecom to offer real-time cross-border remittance services for individuals and small and medium-sized enterprises (SMEs) in Hong Kong and the Philippines, in a sign of its determination to make inclusive finance a reality for ordinary people along the Belt and Road route and the world over.