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Among the top 10 (most valuable global brands), there are eight American brands and two Chinese brands – Alibaba and Tencent, said Wang. Last year, there were 14 Chinese brands on the list.

Amid these pressing problems, citizens have been called by both the ruling party and the conservative opposition, which controls the Congress, to vote in two key polls this month: a government-backed initiative to elect members of a National Constituent Assembly to rewrite the constitution, and an opposition-organized plebiscite to gauge public support for the constitutional measure.

American Express Co, the largest credit-card issuer based on purchases, is seeking to extend its services to young affluent consumers in China, hoping to tap into their purchasing potential in outbound tourism and international online shopping.

Amid China's campaign to push forward the development of the home rental market in large and medium cities to address rising demand, more and more young people are choosing to rent through new mobile platforms for housing rental.

Amazon’s reasons for purchasing Whole Foods in by far its biggest ever acquisition still remain mostly unclear. But we do know that the deal gives Amazon a significantly larger retail footprint without having to deal with years of site selection, design and construction.