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China's property sector has cooled in recent years after runaway home prices fueled speculation and triggered government curbs aimed at preventing asset bubbles.

China's top financial regulators, including the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange, conducted a joint regulatory talk with Alibaba's top management on Monday. Alibaba founder Jack Ma, Ant Group's chairman Eric Jing and the fintech company's CEO, Simon Hu, attended the meeting. Further details were not provided.

China-ASEAN Science and Technology Industry Cooperation Committee was inaugurated during the China-ASEAN Science and Technology Industry and Business Cooperation Forum on Oct 26 in Beijing -- an event marking the 15th anniversary of China-ASEAN's strategic partnership.

China's research and development spending reached 2.21 trillion yuan (9.2 billion) last year, a significant increase from 1.42 trillion yuan in 2015, according to the Ministry of Science and Technology.

China's wearable market is projected to grow 17.4 percent in 2020, with 47.7 percent growth in the earphone market and 37 percent increase in adults' watch market, according to the report.