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Ant Financial Services Group has applied for a digital banking license in Singapore, as more Chinese technology powerhouses hasten their pace in expanding their digital offerings beyond the Chinese mainland.

Ant Financial Services Group, the financial affiliate of Alibaba Group Holding Ltd, backed ZhongAn and Qudian, while PPDAI has stakeholders like Sequoia Capital, Lightspeed China Partners and Legend Capital.

Appearance matters more now than before because there are simply far too many careers for males that are directly linked to looks, industry insiders said.

Another highlight of the Chinese market is new energy cars. A total of 777,000 new energy cars were sold in 2017, a 53.3 percent surge year-on-year, according to statistics from the China Association of Automobile Manufacturers.

Any officer who declines or fails to take the oath will be removed from office or disqualified.