Wangfujing (王府井) has signed a cloud contract with ByteDance (字节跳动), and they will start cooperation in short videos and livestreaming. Moreover, they will try new things in base construction, brand upgrade and online operation. - Wangfujing has gained a duty-free license recently. With the emergence of increasing duty-free firms, there are fewer entry barriers. Moreover, there is more and more competition between these duty-free firms. - Wangfujing has stable operating incomes these years, with CNY 26.09 billion, CNY 26.71 billion and CNY 26.79 billion separately from 2017 to 2019.