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The investment follows the direction set by Premier Li Keqiang last month, when he announced details of the government’s 3.6 trillion yuan fiscal stimulus package.

Under 10% of applications are digital, while neighbor South Korea zooms ahead.

A recent game published by e-commerce giant Alibaba is rising in global rankings in terms of revenue.

Another gay-dating app Grinder’s IPO plan was shelved because of its Chinese owner.

Hyper-local delivery, a model of picking up goods from neighborhood stores, warehouses, and supermarkets, had gained widespread investor interest a few years ago.

The US entertainment giant has listed several open roles for Singapore, such as Creative Producer, Manager of Partner Engagement, and PR Manager.

Alipay hopes to increase adoption of the app among SME owners, while spurring consumer spending in China’s coronavirus-hit economy.

Online shoppers from tier 2 and smaller cities make up nearly half of all the e-commerce user base in the country.