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As expected, the number of trips made ahead of the Spring Festival - which fell on Jan 25 this year - did have increased as expected, up 2 percent compared with the same period last year, Liu said at a news conference held by the State Council Information Office in Beijing. More than 1.14 billion trips were recorded between Jan 10 and 24, or 76.2 million trips every day, he said.

As evidence of the many options, Outerwall, which operates the?Coinstar and Redbox businesses,?ended its Redbox Instant streaming venture with Verizon, which supplemented the DVD rental kiosk business with digital streaming subscriptions. It learned that its customers preferred to make a la carte purchases, rather than paying for another monthly fee.

As brick-and-mortar stores struggle to keep up with the changing dynamics of retail and the e-commerce dominance fueled by Amazon, rumors have been swirling that Nordstrom could be looking to go private. CNBC reported in August on a Women’s Wear Daily report that time could be running out this season for Nordstrom to lock in a deal.

As a part of his company’s earnings webcast today, Netflix CEO Reed Hastings said that he thinks that Netflix and Amazon Prime complement one another in the internet video arena.

As for the MOU signed between Malaysian Rubber Board and Hainan State Farms Bureau and Investments Holding Group, she said the move was expected to create greater demand and market opportunities for Malaysian rubber smallholders and industry.