1、Explore the future of e-commerce and possibilities for your businessE-Commerce Mega Trends to Watch The information provided in this document does not,and is not intended to,constitute legal advice;instead,this information is for general informational purposes only.This information may not constitut
2、e the most up-to-date legal or other information.Readers of this information should contact their own advisor to obtain advice with respect to any particular legal matter.All liability with respect to actions taken or not taken based on the contents of this document are hereby expressly disclaimed.T
3、he content in this document is provided“as is”;no representations are made that the content is error-free.The world changed for both good and bad in 2020.The digital transformation of economies is taking shape and,in turn,changes how consumers are purchasing goods,the interaction of companies,and ho
4、w businesses are structured.Moreover,new data flows enable countries and companies alike to increase operational efficiency,improve living standards in cities,and provide better access to public services.Although the COVID-19 continues to spread globally and brings uncertainty and instability to the
5、 international landscape,Chinas economy continues to recover from the pandemic,realizing an 18.3%growth in Gross Domestic Product(GDP)in 2021 Q1 compared with 2020 Q1.Given the potential of the population and economic development,China is in position to become an essential part of the worlds economy
6、.According to the China Internet Network Information Center,as of December 2020,the number of Chinese internet users had reached 989 million,and the internet penetration rate had reached 70.4%2.With such a vast number of consumers coming online and reinventing digital life,the power of the internet