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"China has already succeeded in e-commerce and digital economy. Such experiences can be replicated in BRI economies," said Jing Xiandong, Ant Financial's executive chairman.

"China is undergoing an economic transformation and upgrading at present. Therefore, the development of high-end manufacturing and smart equipment has become a buzzword. But as a matter of fact, traditional industries, which are closely related to people's daily lives, should also undergo upgrading and there will be room for their development," he said.

"By highlighting various sectors, these internet giants are competing for the portal to keep existing users and acquire new ones," Wang added.

"But, Bringbuys is not an e-commerce platform," explains Chou. "It's actually a tool to service those platforms." Once users click on the links embedded on shared photos, they would be guided to e-commerce platforms, such as JD.com.

"China now focuses less on planning for pursuing GDP targets. That is a major difference compared with past practice," he said.