Zeng says it wants to spur innovation and upgrading by major vendors and logistic partners.
FORBES: As Sales Decelerate In China, Alibaba Sharpens Its Toolbox
It also underscores what Zeng says is a major obstacle to future growth: logistical bottlenecks.
FORBES: As Sales Decelerate In China, Alibaba Sharpens Its Toolbox
The problem, notes Zacks Equity Research analyst Grant Zeng, is that the drug's growth rate is slowing.
One mother, Zeng Liping, told me that teachers had frowned upon her bringing her sixth grader to Europe.
The lofty comparison may have helped: Mr. Zeng's drawings sold on the first day for an undisclosed sum.
Speaking to FORBES, Zeng says sales are decelerating after doubling in past years, though he declined to give an estimate.
FORBES: As Sales Decelerate In China, Alibaba Sharpens Its Toolbox
"They are hard workers and obedient employees, " Zeng Xiangbiao, a shoe factory owner in Dongguan, told a Chinese reporter in a familiar refrain on immigrant labor.
Talking at China's Business Summit, China's Vice Premier Zeng Peiyan said China would adjust its money supply and credit and take "comprehensive measures to mop up liquidity in the banking system".
The 22-year-old made it safe in first-half injury-time when he did well to turn on the edge of the penalty area and slide a low shot past the despairing dive of goalkeeper Zeng Cheng.
In one of the most elaborate displays, the Gagosian Gallery added a carpeted side room to its booth to showcase a pair of new pencil drawings of trees by Zeng Fanzhi, a Chinese painter who is better known for his colorful portraits of men wearing white masks.
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