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American companies and Chinese companies have worked together in the innovation space "in a very beautiful manner" and both countries can choose to make progress together so that cooperative innovation can thrive, said Allen.

Amazon’s brick-and-mortar expansion is a stark contrast to the major retailers closing stores and others going out of business all together. Toys R Us is the latest victim, as the company?shut down its remaining physical stores?last week, following liquidation and bankruptcy.?Given these trends, it wouldn’t be a surprise to see Amazon’s physical footprint surpass more of its traditional brick-and-mortar rivals in the years ahead.

Among the announced deals, 348 were outbound M&A, with a total value of 428.8 billion yuan.

Among all product categories, mainland and Hong Kong orders for electronic products and machinery rose 17.7 percent and 35.8 percent, respectively.

Amid this evolving picture, 51Parcel struck a collaborative partnership with the French infant formula manufacturer Danone, to help it transport bulk volumes of its product to China, and to assist it to boost marketing in the country.