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Due to regular epidemic prevention and control, the expo will also be held for the first time through the combination of online and offline mode.
Dong's approach is unlike many similar businesspeople who set up ventures in Shanghai or Hangzhou, Zhejiang province, where China's fintech industry first sprang up. He said Suzhou in Jiangsu province is the best choice for startups, as bigger cities have the siphon effect, meaning it is easier for large corporations to seek the resources they require, but it is difficult for small companies to grow.
During a recent conference in Shanghai, Ant Financial said AI has fueled 70 percent growth in the number of transaction users from last year on its Ant Fortune platform, with those who have purchased automatic investment plans having jumped 1.7 times year-on-year.
Dong Mingzhu, chairwoman of Chinese home appliance manufacturer Gree Electric Appliances, sold over 310 million yuan worth of products during a three-hour livestreaming event via Kuaishou on May 10.
Donations put to work
