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Digital credit platform Huabei is also a popular service among the younger generation as they know how to make the most out of the credit service while avoiding overspending, according to a report by fintech firm Alipay based on surveys of its wealth management services. Statistics from iResearch Consulting Group showed that 33 percent of the post-90s generation use Huabei.

Didi also conceded that its night safety mechanism was defective, so the face recognition mechanism was not triggered before the driver took the order at night.

Diversified 5G terminals will bring about new means of epidemic surveillance and patrol in public places.

Despite the short term impact in business growth in the US, Hong Kong-listed outdoor leisure products brand Bestway remains optimistic. Its production facility in Vietnam is about to start operations next February, said Yan Yu, president of global sales operations of Bestway Global Holding Inc. Yan said the US market contributes about 25 percent of its global sales.

Domestic consumption has become the most crucial driver now that the service industry generates the largest amount of added value, taxation revenues and employment opportunities, the premier said. The country's economic growth is now propelled by consumption, investment and exports in a more balanced way, he said.