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参考翻译:
E-commerce has experienced tremendous growth in recent years, giving a heavy blow to the traditional retail industry. The revenue of the traditional retail industry has shrunk substantially, and its market has been occupied by e-commerce. In the past year, companies of a great many brands closed thousands of physical stores nationwide. For many consumers, online shopping has become an indispensable part of their lives; thus they spend less time and money in physical stores. Analysts predict e-commerce will account for a fifth of the total retail sales in China within 5 years, so some traditional retail stores might be replaced gradually.
