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Another survey conducted by The Trade Desk and Forbes Insights on CMOs from global companies in late 2018 showed that 80 percent were planning to increase their investment in China over the next 12-18 months.

Ant Financial of Alibaba invested 833 million yuan for a 51 percent stake in Cathay Insurance, a Taiwan-based property insurance company in July 2016.

Another popular role-playing game is Onmyoji, which was rolled out by NetEase Inc, an online company based in Hangzhou. So far, it has attracted about 15 million monthly active users.

Anticipating typhoon damage, Shanghai closed many of its popular tourist sites including parks and museums for safety reasons starting from Aug 9. A total of 92 scenic sites, parks and resorts as well as museums were closed on Saturday.

Apart from online shopping, mobile payments have expanded into stores and restaurants and are now used to pay for just about everything, making China the world's largest mobile payment market.