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Arthur Zhu, president of Hangzhou Lianlian Yintong Electronic Payment, said that technology will be the key for fintech companies "to unlock the future". It will be the company's major mission to leverage leading technologies such as block chain and AI to provide secure and convenient payment services to users.

Apple Inc Chief Executive Tim Cook said in a recent White House meeting with Trump that he opposed the administration's approach on trade with China, according to a report by Bloomberg.

Apple’s 11.9 million iPad shipments in the first quarter translated into 68 percent of the tablet market, according to the IDC report.

Artificial intelligence company SenseTime has established its Chinese headquarters and global research and development headquarters in Shanghai, pledging to apply more of its technologies to the city.

Applications include the ability to try on clothes virtually or create gaming avatars that follow the human body, as shown in the Body Labs video above. The potential fashion applications, in particular, could make sense for Amazon as it continues to expand its ambitions in clothing and shoes.