hina will foster new gro上海419论坛els of the platform

 economy, promote the development of the “internet plus service industry “and encourage social capitals to invest in sect

上海419论坛ors like medicare, education and tourism, according to a statement released after the meeting.

The business climate will be further optimized and the approval procedures for the set

up of new platform firms and their branches will be further streamlined, said the statement.上海419论坛

The latest policy push comes after China unveiled a guideline on facilitating the sector in March, wh

上海419论坛女神会所ich promised to foster a batch of 100 billion yuan (about $14.5 billion) commodity markets by 2020.

Through the development of the platform economy, China aims to build a commodity circulation system that fits the m

odern economic system, said the guideline jointly released by the Ministry of Commerce and 11 other departments.上海419论坛

Thanks to the domestic economic transformation, fast-improvin

上海419论坛女神会所g internet infrastructure and the country’s continuous stimulation in mass inn

ovation and entrepreneurship, various commercial platforms have sprung up in recent years, covering fields f

rom traffic, shopping, entertainment, household services, home rental to food delivery.上海419论坛

Part of the platform economy, e-commerce has seen explosive expansion in China. Taking

e-commerce giant Alibaba as an example, its online sales within 24 hours on “Singles Day” or Nov 11 am

上海419论坛ounted to a record of $31.46 billion last year, exceeding that of Cyber Monday and Black Friday combined.

With Alibaba, Tencent and Ant Financial ranking as the top three, the number of super-large

platform enterprises in China stood at 20 by the end of 2018, whose market value totaled over $1.38 tril上海419论坛女神会所

lion, according to a survey by the China Academy of Information and Communications Technology.

上海419论坛In the first half of 2019, online sales of physical goods rallied 21.6 percent to 3.82 tri

llion yuan, accounting for 19.6 percent of the total retail sales, according to the MOC上海419论坛女神会所

data, partly showcasing the country’s huge potential for the expansion of the platform economic sector.

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