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As the competition heats up, Amazon and Google have?recently expanded?their?catalogs of smart speakers. In September, Amazon announced a next generation Echo, a new smart home-focused Echo Plus and more.

As shown in the prospectus, current shareholders include Zhejiang Dongyang Alibaba Pictures Company Limited, which holds a 7.72 percent stake, Nyingchi Tencent Technology Company, which has a 4.84 percent stake, and Wanda Film with 1.88 percent stake. Celebrities, such as Zhang Ziyi, also are on the shareholder list.

As the founder of two fashion brands, Yang Jie Design and Xi Xiu for menswear, Yang, who has taught at the Beijing Institute of Fashion Technology for more than 10 years, says he has drawn his inspiration largely from the embroidery skills of the Miao ethnic group, one of the oldest Chinese ethnic groups.

As the acceleration of automation will never be reversed, and job creation in services may come back only very slowly after the end of the pandemic, he said employers will need to consider retraining employees with skills that are more adaptable to the post-COVID job market.

As the cost of manufacturing increases in China, it makes sense for the world’s manufacturing hub to shift to Africa and it will be win-win if Chinese companies invest in the continent’s manufacturing sector and share their experiences with local partners, Tsang added.