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Ant Financial, from the Alibaba stable helmed by Jack Ma, leads the pack. It is followed by Luafx, a peer-to-peer lending platform powered by Ping An Insurance; Qufenqi, an online retailer that allows monthly installments; and JD Finance, a financial subsidiary of JD.com Inc, one of China's biggest online marketplaces.

Ant Check Later extends consumer credit ranging from 500 yuan () to 50,000 yuan based on its risk assessment of customers using big data analysis. Credit is interest-free for up to 41 days.

Another 15 people were injured and have been sent to hospital, where they remain in stable condition, the office said.

Apart from industrial information sharing, government officials were present to give participants hints on the latest trends and regulation policies in China.

Apart from the catering sector, commodity retail involving household provisions and consumer goods is an important driving force for nighttime economy. According to Yin Zhixin, from the Guangzhou Development and Reform Commission, the most profitable part of Guangzhou's nighttime economy is commodity retail, with an annual sales revenue of over 280 billion yuan, accounting for roughly 30 percent of the total retail sales.