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Another new plant will open in Tianjin soon with production planned to start in August. FAW-Volkswagen has also announced strategic partnerships with IBM, Huawei and the Research Institute of Tsinghua University, so that it can continue to innovate on the technological front, particularly with regard to digital transformation.

Apart from climbing, 73 overseas participants will be trekking near the 5,200-meter Qomolangma Base Camp, some of them will work as support crew at the camp, and the trekking activity will have one participant from Taiwan.

Ant Group announced later Tuesday night that the listing of the Hong Kong shares will also be halted.

Apart from the warehouses, the logistics specialist has wasted no time placing chips on cross-border transportation. It opened an airfreight route between Hong Kong and Belgium in July, the second international route set up for e-commerce parcels after opening one between Hangzhou and Moscow earlier this year.

Ann Cairns, president of Mastercard's international operations, makes a point at a roundtable at the Singapore FinTech Festival in November last year. [Photo provided to China Daily]