Alibaba CEO Wu Yongming has recently underscored the critical role of AI technology, vowing to adopt a robust investment strategy that zeroes in on pivotal battles. In the e-commerce sector, Kuaishou has unveiled its grand 618 shopping festival initiatives, pledging to pour in hundreds of billions of traffic and offer RMB 2 billion in subsidies to lure shoppers. Similarly, Douyin E-commerce has commenced its 618 merchant enrollment process, introducing an innovative password-based traffic strategy. Genki Forest has established a research and development center in Xianning, aiming to hike its R&D investment by an average of 20% annually over the next three years. Meanwhile, Shopify reported revenue of USD 2.36 billion and Gross Merchandise Volume (GMV) of USD 74.75 billion for the first quarter. Statistically, China's goods trade imports and exports witnessed a 2.4% year-on-year growth in the first four months. In corporate developments, the general manager of Skechers China assured that the delisting would not disrupt the company's operations. On the other hand, POP MART's early-stage shareholder Fengqiao Capital has exited its stake, realizing a total cash-out of HKD 3.12 billion. Furthermore, SAIC's ENJOYWAY Travel has secured a Series C funding round exceeding RMB 1.3 billion and has initiated plans for an IPO in Hong Kong.