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CHINA PRESS: More than 100,000 foreign companies in China are currently working
to convert exported goods into domestic sales, the Shanghai Securities News
reported citing data from the Ministry of Commerce. The number of newly
registered companies at 1688.com, the largest B2B platform for domestic sales,
grew by 230% m/m in March, the newspaper said citing Wang Hai, the general
manager of the platform. Most companies face a number of challenges, including a
shortage of e-commerce talent, a large number of domestic manufacturers and
fierce price competition in the Chinese market, the report said.