Quotable

"AliExpress is planning to tie up with more local vendors, ship from local warehouses and provide local after-sales service, including a no-excuse return policy in 72 hours."

Shen Difan, general manager of AliExpress. Alibaba is expanding overseas aggressively using AliExpress, as it takes on global rivals such as Amazon and eBay.

"Convenience store chains in China generated 133.4 billion yuan ($16.42 billion; 15.09 billion euros; ￡12.68 billion) in revenue last year, up 13 percent from 118.1 billion yuan the previous year. In the meantime, total store numbers also increased 9 percent from 91,000 a year ago to 98,000."

Vincent Lui, partner and managing director at Boston Consulting Group. The number of convenience stores in China is approaching 100,000, generating more than 130 billion yuan ($18.8 billion) in sales in 2016.

"In the next few days, Shanghai Disney Resort will welcome its 10 millionth guest."

Robert Iger, chairman and chief executive officer of The Walt Disney Co, speaking at a conference call on May 9.

(China Daily Africa Weekly 05/12/2017 page24)