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"E-commerce platforms hope to unleash the consumption potential from fourth-tier cities and below, as the growth of online shopping in first and second-tier cities is slowing down," said Cao Lei, director of the China E-Commerce Research Center.

"Due to high barriers to entry, Brazil's smartphone market is very consolidated," Parv Sharma, research analyst from market consultancy Counterpoint, said earlier in a report.

"ESG could actually bring financial benefits to investors. According to an empirical research, in China's A-share market, stocks with higher ESG scores have outperformed those with lower ESG scores in terms of return rate by more than 10 percentage points in the past two years. It is also the case after the COVID-19 pandemic," Wang added.

"Epidemic-control measures including online booking are also important for ensuring the tourism sector's high-quality long-term development," said Zhao Shuai, adding that China will eye booming smart tourist attractions empowered by internet technologies.

"Digital economy has largely helped China weather the COVID crisis. The Nov 11 event is not only an occasion to review the dividend of the digital economy thus far, but also a catalyst fueling the longer-term growth of the economy," said Fu Weigang, a researcher at the Shanghai Institute of Finance and Law.