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rd phases, with 1,000 booths booked by 650 enterprises from 38 countries and regions.
The first phase of the import exhibition has 616 booths displaying electronics and home appliances, build
ing materials and hardware and mechanical equipment. There will be 384 booths in the third phase, m
ainly displaying food and beverage products, household goods, fabrics and home textiles.
Xu Bing, a spokesperson for the Canton Fair, said on Sunday that the 124t
h fair received exhibitors from ten countries and regions. According to Xu, a chamber of com
merce from Istanbul said the fair had helped many Turkish enterprises explore the global market.
“Design for trade” will be a highlight at the upcoming fair. About 100 design companies and institut
ions from 15 countries and regions, including the United States, Germany, France, Italy, Austr
alia, the Republic of Korea and Japan, have registered to participate in the design exhibition at the fair.
video platforms such as Kuaishou, Bilibili, Douyin and Huoshan, to obtain more data flows and encourage brands and buyers to do more live broadcasts,” Zeng said.
It also plans to tap into the social e-commerce sector, which is currently in its testing phase.
Experts say the livestreaming explosion is boosting China’s e-commerce sector. The new
format could display the commodities in more dimensions and increase users’ trust.
Cao Lei, director of China E-Commerce Research Center, said this method could attract consume
rs’ attention quickly and accurately as most of the livestreaming users are post-90s generation who are accusto
med to shopping online, as well as help online retailers to gain data flows and create a “real” shopping scenario.
“Immediate feedbacks could be given to merchants based on users’ instructions. Through their
mobile phones, consumers are able to talk with overseas buyers, which will greatly enhance users’ trust on the platform.”
China’s cross-border e-commerce sector has been growing rapid
ly over the past few years, owing to a rapid growth in the nation’s middle and high-income shoppers.
percent from the first half of 2018, and three of them each obtained more than $100 million in investment. Cloud computi
ng, artificial intelligence, robotics, and virtual reality also were hot spots that lured investment during the period,” Ni said.
Ni added although the technology industry is rapidly expanding under favorable polic
es, internet and mobile internet are still the attractive sectors in the TMT industry. Internet finance, ian
ternet-based education, fragmented entertainment and content sharing were hotly pursued by investors.
“The setup of the science and technology innovation board will improv
e the inclusiveness of the domestic capital market towards emerging enterprises, and o
pen a new financing and exit channel. The board offers a new platform for high-tech emerging enterprises, and tech
nology companies are expected to kick off a new wave of IPOs,” Janson Yang, PwC China assurance partner, said.