13.Li and Viya were influential in driving up sales for big and small brands alike and played key roles in promoting brands and their products to avid online shoppers and bargain hunters.
14.Many bargains are available for bulk purchases. This is where the social networks come in. Pinduoduo, founded in 2015 and now worth $175bn, enables groups, often formed via WeChat, to haggle with merchants, especially on groceries.
15.The new labor market is shaped by growing global competition, spurred by the rise of cheap manufacturers in China, India and Eastern Europe, and the price-chopping effect of both the Internet and giant retailers led by Wal-Mart.