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"Dialogue, cooperation and shared benefits are the prerequisites for members to embrace the initiative," Jin said during a recent interview with Chinese media.

"Data is the most important element in redefining retail," said ICBC's Wu. "With big data, multi-dimensional digital marketing can help increase the monetization rate of advertisements as well as the conversion rate of the online and offline merchants with the platforms."

"Everyone who visits the show is so amazed by the unusual and unprecedented drama that is presented. This is something they have never seen before," he said.

"Europe will be one of our focus markets this year. We are looking to gain a lead in the European market by unveiling a new product toward the end of this year."

"Development of AI technology will help the company make further progress in  language recognition. It'll be a promising project," he said.