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As local companies consider shifting to cloud services to accelerate digitalization and achieve industrial upgrades, they also increasingly embrace domestic platforms over foreign ones amid concerns over information security, Wang said.

As many as 125 suppliers and 141 purchasers from the 34 countries and regions involved in the initiative have registered on the platform as of April 18, with total accumulated transaction amount accounting for 26.6 percent of the platform's total transaction, it said at a press release in Beijing on Thursday.

As of mid-May, over 200,000 5G base stations have become operational in China, according to the Ministry of Industry and Information Technology, the nation's top industry regulator. By the end of March, China had more than 50 million 5G mobile subscribers.

As of Friday morning, seven large reservoirs in Hubei saw water levels above limits set for the flood season, according to the provincial flood control authorities.

As of Tuesday evening, Amazon said sales by small- and medium sized businesses had topped billion during the Prime Day event.