The Chinese government’s digital economy related planning during the 14th Five Year Plan period provides good policy and financial support. The total digital economy related investment in the next five years will be 15-20 trillion yuan. COVID-19 and other emergencies further highlight the value of digitalization. IDC’s survey in 2021
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The number of annual active consumers on Alibaba’s China retail marketplaces reached 1 billion as of Mar 31 2022 while JD.com’s annual customers grew to
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