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Another key takeaway from this weekend’s shopping extravaganza is that Americans are opting to shop more online versus going to physical stores; they are also?increasingly becoming more comfortable with buying products on their smartphone.?Amazon, which is?expected to spend a record billion on shipping costs this holiday season, reported that mobile app orders on Thursday spiked 50 percent compared to Thanksgiving Day 2016.

Apart from being poor at branding and design, many Chinese toy companies also find themselves caught in price competition and lag behind in intellectual property protection awareness. For example, in late April, police busted the Shenzhen-based Longjun Toy Factory for counterfeiting Lego products in a scandal involving more than 200 million yuan ( million).

Ant's move mirrors a series of other partnership deals forged with companies in India, Thailand and Indonesia, where similar digital payment services have been wheeled out.

Anti-abortion protesters rally near a Planned Parenthood clinic in Philadelphia, May 10, 2019. [Photo/IC]

Another key factor is the purchasing power of Chinese consumers, especially those from the millennial generation.