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China's second-largest e-commerce player JD will open more than 1,000 7Fresh fresh food stores across the country in the next three to five years, eyeing the opportunities emerging from the fresh food retail sector.

China's response to the COVID-19 economic crisis is very different from its response to the global financial crisis. In 2010, China's infrastructure was much less developed than now, so it made sense to have a broad-based stimulus that specially focused on upgrading the nation's transport, energy and urban infrastructure. But, now China's infrastructure is world-class, so this time it has been important to more tightly target improving the business climate and promoting technological upgrading.

China's top legislative body raised concerns on Saturday about a new AI technology that can digitally swap people's faces.

China's tech giant Tencent announced it would invest 500 billion yuan in the next five years to develop "new infrastructure" including cloud computing, artificial intelligence, blockchain, supercomputer center, quantum computing and data center across the country.

China's top two players in the field, namely New Oriental Education and Technology Group and TAL Education Group, have been listed in the US stock market for years.