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As a result, incumbent banks like DBS have embarked on digital transformation inspired by platform players like Alibaba and Tencent, according to a McKinsey report on the importance of ecosystems. Over the past five years, DBS has invested S billion (1 million) annually in its transformation, resulting in a substantial increase in digital customers from 33 percent in 2015 to 48 percent in 2018.

As Shenzhen kick-started a brand-new market-oriented development pattern in 1980, a raft of reforms have been carried out in the city, which created countless firsts on the Chinese mainland, including the first land auctioned, the first stock issued and the first export industrial zone set up after the founding of the People's Republic of China in 1949.

As a beneficiary and an innovator of e-commerce, L'Oreal identifies with this key digital strategy. The group's e-commerce business has increased by a staggering ten fold in the past five years, and has accounted for more than 20 percent of total revenue in certain divisions.

As a "going abroad" program, BIFF is just one of the strategic approaches for Chinese films going global.

As for his health and enthusiasm for the company, he noted that he recently went on a great?vacation with his wife’s family, thoroughly enjoyed himself, and couldn’t wait to get back to work.