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As of the end of December 2018, transport ticketing revenue saw a 6-percent year-on-year increase to 12.9 billion yuan, accounting for 42 percent of the total revenue.

As part of the partnership, Alibaba has selected several US brands, including Opening Ceremony and Robert Geller, to feature in their second annual "See Now-Buy Now" fashion show hosted by Tmall in October. The show will be held in the run-up to the so-called "Singles Day" on November 11 – one of the biggest shopping days of the year. Alibaba said the US designers will gain exposure to "the more than 500 million consumers visiting Alibaba's platform."

As of Friday, the S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, stood at 3,524, marking a 9-percent gain for the month-to-date returns and an 11.26-percent increase for the year-to-date returns.

As of the end of last year, ABC's NPL ratio declined by 56 basis points year-on-year to 1.81 percent, and its NPL balance fell by 36.8 billion yuan to 194 billion yuan.

As part of its efforts to comprehensively deepen reform and opening-up, China rolled out a plan in October for building the island province into a pilot free trade zone, giving it more autonomy to speed up the fostering of an international and convenient environment for business, tourism, finance and other industries.