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Such momentum is likely to extend into this year and beyond, with WeChat potentially overtaking Alipay in the years to come, said Li Chao, senior analyst at iResearch.

Still, Wen said, Fosun is able to integrate its other businesses, such as retail and tourism, into infrastructure projects.

Strategy&, a consulting firm under PwC, said in a report in October that by 2030, mobility services will likely account for 30 percent of the global automotive industry's profits, compared with 26 percent of profits from new car sales.

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Still, the population is not hesitant on pleasing themselves through the purchase of bags and lipsticks. Some 350,000 women bought on average one bag or more per month on Tmall, while 3 million women placed orders for at least 5 lipsticks throughout the year.

Such planning is in line with Shanghai's goal of developing high-end manufacturing and becoming a world-class automotive industrial center, analysts said.

Study tours have proven to be a hot ticket among Chinese students and parents with the coming of summer vacation this year, according to the country's largest on-demand service provider Meituan.

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Such behavior "interferes with China's internal affairs and negatively affects China-US relations", Geng said.

Such a frank elaboration of potential dangers in the financial market, whose security is closely related to the overall stability of the national economy, shows that the monetary authorities are fully aware of the country's financial problems and challenges.

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Studies have shown that the best time for children to master a foreign language is when they are aged between 3 and 6, said Adele Bai, president of Kids & Teens at EF China.

Stressing that Hong Kong has entered into a time when deep-seated problems must be addressed, Luo called on Hong Kong compatriots to stay committed to the principle of "one country, two systems" in spite of difficulties.