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Ant Financial Services Group, Alibaba Group Holding Ltd's financial unit, has invested 2.06 billion yuan (6 million) in HelloChuxing, giving the latter a unicorn valuation of .47 billion.

Another key interdependence is economic, and efforts must be made to prevent the pandemic from triggering a deep recession. China is known as both a manufacturer and major market globally, but it is also true that trade between China and ASEAN is larger than that with the US.

Another factor contributing to the growth of the singles population in the US is that for some the age for getting married is getting older.

Ant Financial is an affiliate of China's e-commerce giant Alibaba. Alipay is one of China's two biggest e-payment platforms, with more than 1 billion annual active users. It was valued at 0 billion after raising about billion its latest round of private fundraising activities in 2018.

Another innovation force for Zhejiang private enterprises comes from their long-standing awareness of cooperating with universities and scientific research institutions for development and upgrade, Guo said.