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Ant Forest encourages users to collect points for engaging in low-carbon activities, such as using public transport; after a certain number of points are collected, Ant Financial and its partners plant a tree as a contribution to China's efforts to prevent desertification. Alipay's Urban Services provides online access to government services.

App of the Week: Feels for iPhone.

Annual retail sales for 2019 are estimated to decline by 11.2 percent to HK1 billion, after local consumer market suffering badly from the second half of 2019 with October recording a 24.3 percent decrease in sales – the largest monthly decline on record.

Anta Sports Products Limited's share price rose on Friday after the short seller Blue Orca Capital's critical report questioning the Hong Kong-listed company's accounting and corporate governance sent Anta' shares plunging the most in 15 months.

Apart from Standard Chartered, some other foreign banks have also shown interest in offering digital banking services in the Chinese mainland with no branches. Last week, Bank of Beijing Co Ltd said it has got the necessary board approval for the establishment of a joint venture with Netherlands-based ING Bank NV.