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Another noteworthy contender in the ranking is Mengniu, a Chinese dairy brand growing at a similar pace to Yili. Its brand value rose 45 percent year-on-year, but from a lower base, hitting .4 billion.

Another noted trend is that Alibaba's sales and marketing budget climbed 90 percent in the last quarter of 2017, significantly higher than the 42 percent growth rate for research and development.

Another project that covers 500 villages in Zambia was rolled out on June 25. Dora Siliya, Zambia's minister of information and broadcasting services, said during the forum on June 26 that many Zambian children have been able to watch TV shows for the first time.

Apart from promoting online business, the Ministry of Commerce and the National Development and Reform Commission are also working on revising the Catalog of Encouraged Foreign Investment Industries to promote processing trade amid the novel coronavirus outbreak.

Ap - Afp