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Bruno Lannes, China partner of global market consultancy Bain &Co, said the trend of Chinese consumers focusing more on cost started to take shape in 2019 and the trend has become more noticeable after the COVID-19 epidemic.

Building on the momentum, Ant Fortune debuted its AI bot assistant on smart wealth management. The intelligent assistant can, in real time, help users review their asset allocation, evaluate their investment portfolio, learn financial knowledge and risks, as well as receive customized asset allocation suggestions.

Built in 1772, the Xiefang Ting ("pavilion taking blossom") in the garden of the Palace of Tranquility and Longevity was Qing Dynasty (1644-1911) emperor Qianlong's personal retreat after his retirement.

Brian Sheth, the co-founder and president of private equity firm Vista Equity Partners, is the board chair of Global Wildlife Conservation and founded The Sheth Sangreal Foundation with his wife to support environmental and educational initiatives. The Sheth Sangreal Foundation will fund operational and administrative costs of Earth Alliance.

Broad rises in technology shares set an upbeat tone for the market on Thursday, with sub-indices tracking companies engaging in biometrics and artificial intelligence up by 4.71 and 4.44 percent, respectively, according to financial information provider Wind Info.