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As the number of confirmed cases of COVID-19 in China surpassed 70,000 as of Feb 17, the big three telecom carriers China Mobile, China Unicom and China Telecom scrambled to tap into state-of-the-art technologies like 5G, artificial intelligence and big data analysis to combat the epidemic.

As the number of reported coronavirus cases outside China grew and sparked fears of a worldwide economic slowdown, the Dow Jones Industrial Average closed down 1,031.61 points, the biggest drop since February 2018.

As the exclusive interactive partner of the 2020 Spring Festival Gala aired on Lunar New Year's Eve on Jan 24, Kuaishou announced that 63.9 billion user engagements were made during the live broadcast, which is the highest amount in the history of the gala.

As per the report, there were more than 900 million online shoppers in 2019. Total transaction volume of e-commerce reached 34.81 trillion yuan (.98 trillion), among these, retail sales stood at 10.63 trillion yuan, up 16.5 percent year-on-year. Online retail sales of physical commodities registered 8.52 trillion yuan in 2019, rising to 20.7 percent of the total retail sales of consumer goods.

As the e-book market continues to grow, it will be interesting to see which companies take advantage. Amazon and Apple seem to be the frontrunners, with Barnes and Noble hanging around with its Nook business, one that Microsoft was rumored to be acquiring.