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And it’s not just Walmart making moves. Kroger invested in British online grocer Ocado?to boost its delivery business and bought the meal-kit company Home Chef. Those moves came at a price of close to 0 million combined.

Analyzed by broad type of retail outlet in descending order of the provisional estimate of the value of sales, the value of sales of jewelry, watches and clocks, and valuable gifts dropped the most by 2.8 percent in January and February from the same period a year earlier.

Ancient Chinese philosopher Zhuangzi said, "A simple endeavour could have significant influence."

And in a sign of significant change, this year, for the first time, a majority of US consumers — 54 percent — say they will do the bulk of their holiday shopping online, according to PricewaterhouseCoopers.

Analysts say the move shows investors' confidence in the startup and the potential of the Chinese market, which is already the world's largest new energy market.