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Ant Group's initial public offering has been approved by the STAR Market listing committee on Sept 18.

Another Chinese brand, Meituan (No. 78, .8 billion) is seen as a "category-disrupting consumer technology platform offering everything from food delivery, room bookings and ride-hailing to bike rentals".

Apart from TV makers, PC makers like Huawei and Lenovo also compete for customers by providing improved visual and sound experience.

Ant Financial－which owns a digital wallet service, a wealth management fund, and a micro loan platform,－is losing ground in the world's biggest digital-payments market and is therefore unlikely to conduct an IPO in 2017, reported news agency Bloomberg, citing sources with knowledge of the matter.

Antitrust scrutiny of Amazon is intensifying as new details reveal how the company treats third-party sellers in its marketplace. Regulators in California, Washington state, and Europe are reportedly homing in on Amazon amid reports that the company uses its colossal size to compete directly with other retailers on Amazon.com.