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DBS Bank: Chinese e-commerce sector to “continue to shine”

Due to strong valuations and robust growth momentum, China’s e-commerce sector will “continue to shine” in 2019, according to DBS Bank. The bank expects China’s retail sales to grow by 7.5% in 2019 and for the growth of e-commerce — projected at 30% — to outpace the broader market and eventually represent over a quarter of the country’s total retail…

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