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"From the outset of the Dec 12 campaign, we managed to bridge offline transactions with digital payments. Five years later, we aim to revamp the entire local services market by digitizing 'people, merchandise and shopping scenarios'", said Alibaba vice-president Fan Chi.

"Globalization has been the greatest force in human history to bring progress, deliver jobs, provide incomes, foster technology－including the production of vaccines, whether against smallpox, measles or polio," he said.

"From January to May, SOE profits rose 20.9 percent, with the growth and profit rate up 10.2 percent and 10.7 percent respectively." Li said that the major reason behind this is cost cutting, which is directly related to the reduction of financial leverage.

"For writing CSR reports, we suggest that enterprises should further strengthen the disclosure of the management solutions of some core problems, and better respond to hot topics that the public cares about," he said.

"For fast food franchises, availability is critical. So building their presence in petrol stations helped further drive availability and create new consumption occasions for travelers behind the wheel," Yu said.