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Anta used to rely heavily on its brick-and-mortar stores on shopping streets, which accounted for 75 percent of its retail outlets.

Animal-free alternatives to be more affordable, tastier on menus nationwide as Chinese consumers seek healthier choices

Apart from policies to reduce taxes and fees unveiled at the beginning of the year, China has announced more policies to support the real economy and technological innovation. [Photo/Agencies]

Apart from Tiger Broker, a Chinese online securities brokerage startup, and ITF, Rogers said he had also invested in a South Korean fintech company. He said his involvement in these fintech projects had not yielded any profits yet as they were in their initial development stages but he was confident in the industry's future.

Another small innovative it was working on was building in phone holders into shopping carts to make it easier to for customers to look up information on the Target app while wondering?store aisles. Some of these things have required?new hires with a background in technology. Target said a quarter of its technology employees have joined the company over the past year and are spread throughout a handful of offices in San Francisco, Sunnyvale, Bangalore and New York.