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"Funds from this round of financing will be mainly used in the research and development of the community and trading system as well as recruiting talent to further improve user experience on investment and communication at Xueqiu, and to provide them with cross-market and multi-category stock and fund trading services," said Fang Sanwen, founder and CEO of the platform.

"For a company, its ability to offer a more convenient and comfortable experience, especially in different scenarios, can help to decide if it could lead the Chinese car-rental market," said Zhang Xu, an independent internet industry analyst. "UCAR is doing quite well in its various niches and the business consolidation is a looking-ahead adjustment."

"For me, there is no better news than that," Xi says. "The peacocks' habitat is at least safe temporarily, but other dangers remain, so it's just a new start for the protection of this rare species."

"Global trade tensions are escalating, which has weakened external demand and given export-intensive small businesses a shock. The output and order volumes of some export companies have been affected and they face future uncertainties," said the white paper.

"Hainan has unique environmental and policy advantages, and it is also an important window for China to open to the outside world," said Dhanin Chearavanont, chairman of Chia Tai Group and director of the China Overseas Chinese Entrepreneurs Association, in a keynote speech at the opening ceremony.