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And SpaceX, which is competing against Amazon’s Project Kuiper satellite program, has had at least three spats with Bezos’ Blue Origin space venture. One involved a launchpad lease with NASA; another was over a patent for a water-based recovery pad for rockets; and a third was a Twitter dust-up over the landings of rockets by the two space rivals.

Analysts expect that China may continue to increase holdings of US treasury bonds in the coming months and see moderate growth in its foreign exchange reserves given its trade surplus with Washington and eased capital outflow pressure.

Analysts said that Ant Financial's tightened relationships with the consortium will help it reduce repeated investments in technologies as well as training costs for dealing with merchants and customers in overseas markets.

Analysts said the growing presence of Honor in offline markets shows that retailers are optimistic about the company's prospects and are willing to become partners in the new company.

And as their fame accumulates, some KOLs will choose to launch indigenous brands.