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Apart from protecting the life and health of people, central SOEs also stand for the vision of building a community with a shared future for mankind, he said.

Another important aspect is to teach young entrepreneurs to learn how companies fail.

Anta Sports signs a deal on Thursday to becomes the official sports apparel sponsor for the 2022 Olympic and Paralympics Winter Games. [Photo by Wang Zhuangfei/China Daily]

Another thing that’s a misconception is that we’re monolithic, as you know, because the fastest-growing part of our retail operation is third-party sellers. It’s growing twice as fast as our owned inventory retail. That’s empowering millions of small and medium-sized businesses around the world. I think we have 200,000 of them, with revenue of over a million dollars. That’s a great fact to point to when there are conversations about what the impact of a business like Amazon is on small businesses.

Another market APUS focuses on is Indonesia, where it has invested in the market's biggest Wi-Fi connect service provider Zoomy.