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"By teaming up with Tencent to promote data traffic packages, we have added 20 million subscribers within six months," Wang said. "Internet partners can complement our shortcomings in retailing channels."

"China has a great potential to expand domestic demand in city clusters and metropolitan areas, as a growing number of middle-income consumers will further stimulate demand by taking more flights. Besides, the urbanization rate is still low and development in different areas is uneven, and there exists untapped demand," she said.

"But modern families are becoming smaller, with each one now comprising about 3.1 people on average, who prefer casual and small meals. Ready-to-eat food in convenience stores satisfies these needs, especially for a large number of young single people."

"COFCO will push the SOE reform further as well as in its going global strategy," Yu added. "China currently imports over 130 million tons of agricultural products every year, and COFCO has secured supplies from major food import destinations covering six continents."

"But we are not just about hardware. The company is working on full-stack optimization, which also involves software, systems and algorithms," Huang added.