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As Hong Kong seeks to not be a bystander in the creation of a large stage, the city is betting big on an even larger stage to reassert its vital role on a national level as a flag bearer of free trade and investment flows.

Approached by the US-China Business Council, the network united different forces in securing 2 million masks to donate as an overt gesture of goodwill and support by the US business community to China last week.

Around 30 percent of IPO applications were rejected in 2018, while the figure was only 17 percent a year earlier. Some 150 companies' IPOs were terminated this year, up 36 percent from 2017.

Apple and Samsung continued to dominate the smartphone market last year, but their combined shipment slipped from 555 million units in 2015 to 526 million in 2016, with market shares dropping four percentage points to 35 percent.

As China's leading cross-border platform selling to individual users in over 200 economies, language barriers have long been a hindrance for precise communication between sellers and buyers. The problem has grown more prominent since livestreaming was introduced to the platform, with foreign buyers unaware of what was being said by Chinese merchants.