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"Everything went crazy at that point," Cox said, expressing sympathy for employees. "It's just hard to believe what happened here, but it seems like it's happening everywhere."

"Due to the escalating trade dispute, the anger of US farmers and companies, especially those from high-tech manufacturing and service sectors, has put Republican candidates under pressure as midterm congressional elections approach," said Tu Xinquan, director of the China Institute for WTO Studies at the University of International Business and Economics in Beijing.

"E-commerce, where Alibaba holds a major presence, already hit a saturation point and in fact only accounts for less than 20 percent of China's retail market," Lu said.

"Eliminating middlemen can effectively trim costs and boost retail efficiency," said Gu Guojian, head of Shanghai Chain-Store & Franchise Institute. "The model is especially meaningful as China moves to increase imports and enhance circulation efficiency."

"Digital media and entertainment and core commerce will continue to create more synergies," she told investors.