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Apart from the flagship Toutiao service, the company is on a constant hunt for investment targets such as Flipagram, Musical.ly and Live.me. Just last month, it also purchased Faceu, a selfie app using augmented reality technologies.

Apart from boosting the company's strength in fintech, JD Digits will set out to target four other fields - urban computing, agriculture, campus services and digital marketing.

Apart from world-class facilities and nutritionally-balanced meals, Chinese promising football players also got a better understanding of tactics and improved their vision and team spirit on the pitch, following the guidance of Dominique Bijotat, who was a manager of several Ligue 1 clubs and involved in youth training for several decades.

Another major, long-term unintended consequence, Sicina said, is that “foreign investment in the US will also be disrupted because of the tariffs”.

Any of these steps would be a major reform. Taken together, they are a big move in the process of using both domestic and foreign competition to push upgrading of the Chinese economy.