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Ant Financial now operates Alipay, one of the world's largest mobile and online payment platform, controlling more than 50 percent of China's mobile market where QR code, or quick response code, has become dominant in the digital payment sector.

Apart from China, the firm's cycles can be found in Singapore, Malaysia, Thailand, South Korea, Japan, England, Italy and the United States. Last month, it announced its operations in Berlin, Germany.

Apart from cutting taxes, the requirement rate of social insurance premiums is also expected to be cut down to relieve burdens on businesses.

Apart from that, it’s extremely easy to inadvertently press the “Next Page” hardware button when reading a book. The way Amazon labeled the buttons is confusing. The “Back” button under the “Next Page” button doesn’t take you to the previous page when reading a book, as you might expect, but rather jumps back to the menu. The “Prev Page” button is on the upper left side of the device.

Apart from the fiscal side, the financial sector has also stepped up support to the real economy. By Wednesday, banks in Shanghai have offered up to 90 loans valued at 1.31 billion yuan to 48 key companies, with the weighted average interest rate coming in at 2.35 percent, said Li Jun, deputy director of the Shanghai financial services office.