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Dong further estimated that the first batch of successful applicants for the tech board are likely to go public at the end of this month or early July, depending on the number of such companies.

Douyin, part of Bytedance, recently became rather vocal about its ambition to help smaller merchants sell by employing short videos and promoting its livestreaming functionalities. There are countless promotional ads on Douyin's newly-unveiled services. They offer suggestions on short-video shooting, product selection and a range of on-the-ground services. As a latecomer, Douyin's livestreaming sessions are still working to boost online spectators and quality. So much more could be done on the livestreaming end, but Douyin is a go-to-platform for short videos in China.

Due to typhoons and heavy rainfall in the summer, wind power output only increased by 0.6 percent year-on-year in August, 24.1 percentage points lower than the July expansion, according to the NBS.

Duan Xiaoxuan, a photographer with the studio, said: "Our rich Chinese culture provided endless creative resources. We were intrigued by ink art because it is the most distinctive expression of Chinese aesthetics."

Douyin and Natives trialed the program for six months before officially launching it this month.