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Another major play NetEase reported a net revenue of 8.11 billion yuan in the third quarter, up by 23.5 percent year-on-year, according to tech.163.com, NetEase's online news portal.

Ant attributes the upsurge to deepened internet penetration, a quick takeoff in smartphone usage, and the consequent easier access to micro loan services which are unattainable through conventional financial institutions.

Apart from the abovementioned places, China's 15 new first-tier cities also include Chongqing in Southwest China, Wuhan in Central China's Hubei province, Tianjin in North China, Suzhou and Nanjing in East China's Jiangsu province, Dongguan and Foshan in South China's Guangdong province, Shenyang in Northeast China's Liaoning province, Qingdao in East China's Shandong province, and Hefei in East China's Anhui province.

Ant Financial, the fintech company owned by Chinese internet giant Alibaba, has taken a major step into Europe through the acquisition of United Kingdom payments companyWorldFirst.

Apart from adding air and rail cargo postal services, China Post also reached agreements with postal authorities in Japan, New Zealand and Israel in the first quarter to conduct maritime postal delivery services by partnering with China COSCO Shipping Corp, another central SOE and the nation's largest shipping company.