- surpass /ser-PAS/
- thriving /THRAHY-ving/
- e-commerce /EE-kom-ers/
- accumulation /uh-kyoo-myuh-LEY-shuhn/
- enterprise /EN-ter-prahyz/
[verb ] – to do or be better than
She always surpasses people’s expectations.
[adjective] – growing, developing, or being successful
The coffee industry is still thriving.
[noun] – the business of buying and selling goods and services on the internet
Most clothing stores have an e-commerce website.
[noun] – an amount of something that has been collected
The accumulation of knowledge during school is important.
[noun] – an organization, especially a business, or a difficult and important plan, especially one that will earn money
Running a restaurant and managing a salon are both huge enterprises.
Both China and the United States have seen the boom of their e-commerce industry during the global pandemic as more people used online shopping and entertainment websites. This resulted in the accumulation of personal wealth for the creators and shareholders of many tech giants. A large number of Chinese billionaires also made their fortunes from manufacturing or technology enterprises. China’s current total of 698 billionaires is catching up to the US’ total of 724 billionaires. India comes in third place with 140 billionaires. Jeff Bezos, founder and chief executive of Amazon, is still the world’s richest person for the fourth consecutive year. He saw his net worth grow from $64bn to $177bn in the past year.
- Do you agree that Beijing’s number one ranking is due to China’s fast containment of COVID-19? Why or why not?
- Why do you think New York City fell behind Beijing in its number of billionaires?
- In your opinion, are billionaires good or bad for the economy? Why?
- Do you think it is a good idea for companies to invest in technology? Why or why not?
- What businesses do you think will thrive in the future? Please explain your answers.