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AppLovin, which claims to be a profitable unicorn-a startup with a valuation of more than billion-also disclosed that it is looking for an initial public offering of about billion next year.

Another strategy is to grow screen size, which is more important to people as their main television, said Larson.

Ant Financial Services Group has applied for a digital banking license in Singapore, as more Chinese technology powerhouses hasten their pace in expanding their digital offerings beyond the Chinese mainland.

Apart from its investment in logistics, Liu said the company will open 20 to 25 7Fresh－JD's fresh food stores－in Beijing this year, with an aim to open more than 500 stores within five year, eyeing the opportunities emerging from the fresh food retail sector.

Another report, from market researcher Niko Partner, showed China’s e-sports market topped .26 billion in 2017, while the total prize money at Chinese tournaments was million — up from million the previous year.