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Clegg said what matters is not size but rather the rights and interests of consumers when people are talking about tech companies' responsibility and impact on society.

Chinese tech giant Tencent will be the IPO's cornerstone investor, and plans to invest 3.2 billion yuan (0 million) to buy the stock, according to the Hong Kong Economic Times.

Chinese tech behemoths have been at the forefront of adopting innovative automation technologies across the whole intelligent logistics system, from automated sorting to unmanned warehousing and robotics delivery to enhance logistics efficiency.

Choosing policies that support growth has become the priority for global leaders, and Chinese policymakers are expected to follow suit in their own way, providing assurances that the economy is on firm footing while striking a macroeconomic balance for long-term stability, analysts said.

Ciobo considers Australia and China have a broad trading relationship under the China-Australia Free Trade Agreement (ChAFTA) and China's commitment to continuing trade liberalization a positive sign for the ongoing reviews of the services and investment chapters under ChAFTA.