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"E-commerce is an incredibly cost-effective way of running a business," Liu said. "It has increased my income by enabling me to sell chrysanthemum products nationwide with little travel."

"During the process, as local governments injected funds into smaller banks, they could combine banks' capital replenishment with institutional reforms by urging banks to optimize their structures of corporate governance. This will release the vitality of smaller banks in the medium-to-long run."

"Every day I had lots of customers phoning in to ask where their parcels were and I had to go through different carriers' websites to check. E-commerce platforms didn't have the capability to collect tracking information from hundreds of carriers flying around the globe. I had to employ over 10 staff just for customs-related services and the cost of labor was high."

"Expanding to small and medium-sized cities and gaining more lower-tier markets are of strategic value and significance to both Dada-JD Daojia and merchants on the platform," said Philip Kuai, founder and CEO of Dada-JD Daojia.

"During the second Belt and Road Forum for International Cooperation held in Beijing in April, our two governments agreed that China would provide 100 million yuan (around .4 million) worth of emergency food aid to Ethiopia for 2019 amid efforts to help alleviate food shortage in the country," Tan added.