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"Digital transformation has become a trend in the financial industry, financial players are supposed to continuously deepen their digital strategies and transformation initiatives to achieve platform-based strategic transformation," Ma said at Huawei Global FSI Summit 2018 in Beijing on Wednesday.

"Every time Li endorsed certain lipsticks that were new to the market, I wanted to buy them," said 29-year-old Beijing-based Huang Xinyi. "He appeared more trustworthy to me, like a friend or classmate, which make his videos really different to other celebrity endorsements," she said.

"Despite the current situation, STEAM education is going to bring a revolution to the industry. Deep integration of education and technology will definitely be the trend."

"Efforts should also be made to promote investment by private equity and venture capital firms in the development of low-cost clean energy, which will eventually lead to a substantial transition in the energy sector by significantly reducing the cost of green energy through technological innovation," he said.

"Digitalization has been an ongoing area of investment for us in the past several years," said Gao."E-commerce is an avenue we value a lot and will be our business focus from now on."