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As it turns out, competing with Amazon can be expensive.

As of December 2016, the number of internet users in China had reached 731 million, more than the entire population of Europe, and some 95 percent of netizens, or 695 million people, connect to the web via mobile devices, data from China's Internet Network Information Center shows.

As of the end of 2017, iQiyi, a Chinese-style Netflix, has 50.8 million subscribers. The company posted a net loss of 4 million on total revenue of .7 billion last year.

As people are stuck at home, consumer demand has naturally been reduced. Together with the Spring Festival break, the catering industry, hotels, amusement parks, museums and theaters, and many industries are now in a state of depression.

As many regions around the world are taking measures to contain COVID-19, the government rescheduled the international flagship trade event in late March, and decided to hold it instead as an online event－the first time in its 63-year history－from Monday to June 24 in Guangzhou, Guangdong province. It will consist of online cooperation platforms, transnational e-commerce zones and livestreaming marketing services.