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"For instance, shows and performances featuring traditional Chinese arts and culture have gained massive popularity among foreign audiences. We shall continue carrying out such projects by streamlining procedures and moving things forward," said Xia Peng, an official working for local cooperation between China and Shanghai Cooperation Organization member states and based in Qingdao, Shandong province.

"Floating on Nasdaq is both a milestone and a starting point for 111 Inc and our mission is much bigger than public listing on the stock market," said Yu Gang, co-founder and executive chairman of 111 Inc.

"Growing number of platforms shows that commodities market's demands are not yet fully met, and competition has just started. In the future, platforms will be more consolidated," the report said.

"For our products, there are certain features that we develop in China that are very unique. Now, we want that for the rest of the world."

"Fresh food is the most demanding category in e-commerce, and covers a range of fields including logistics, finance and users operation. But at the same time, it has huge market potential," said Lyu Haoze, an analyst of China E-Commerce Research Center.