Alibaba's 1688 "business + live streaming" base settled in Shaxi Town earlier this month. Following this, a group of digital economy and live stream industry projects on June 18 were signed in the town.

A total of 17 projects in such areas as live streaming base construction, cross-border e-commerce, online celebrity block building, smart logistics and live stream supply chain base construction were signed, involving a total intended investment of 1.323 billion yuan.

Among them, the 12 live streaming e-commerce projects cover a total area of over 250,000 square meters, including the creative fashion city live stream base centered on the cross-border silk e-trade, Juxing Lianchuang, and live stream organizations such as Maita, Shangdao, and D+.