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"Currently there's more cooperation instead of fierce competition in the emerging big-data industry, "Han said: "Grasping that opportunity, the national lab and our research center will introduce big-data circulation standards and encourage enterprises to run big-data business according to the standards. Thus, we will embrace a better competition environment in the future."

"Cooperation with foreign counterparts plays an important role in exploring international markets as local partners and special personnel that better understand local markets will help Alpha easily integrate with foreign markets," said Seven Wang, executive assistant to Alpha's president.

"Customers can handle cross-border remittances easily through channels such as mobile banking, online banking and smart terminals."

"Chinese brand's performance results from its less successful product development and, more importantly, their undue efforts to cut prices," said Fu Lianxue, a senior expert at the center, in an interview with China Economic Net.

"China's economy has achieved high-quality growth and the country's internet and technology development has gained momentum thanks to reform and opening-up," Ma, who also chairs internet giant Tencent Holdings Ltd, said ahead of the opening meeting of the first session of the 13th NPC.