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As former pure-play etailers continue to have success with a multi-channel model, there’s little doubt others will follow.

As Shanghai's municipal State-owned Assets Supervision and Administration Commission has calculated, about 73.2 percent of its monitored companies participated in the mixed-ownership reform by 2018, accounting for 93.5 percent of the net profit contributed by the city's local SOEs last year.

As a trade war generates no winners, US Trade Representative Robert Lighthizer expressed hope on Wednesday for the US and China to find a way to ease the current tensions caused by the recently announced tariffs.

As a sign of the dire housing issue, Lam Lok and Jason Chau, a young married couple, had to live apart in the city "because the bedroom space is simply too small for two adults and a child", BBC reported on its website on Sept 17.

As for new energy vehicles, China is the world's largest market in sales and supporting infrastructure, Zhang added. By the end of last year, the country had more than 1 million registered new energy vehicles on the road — half the global total — and 150,000 charging stations.