A journalist operates a camera in front of the emblem for the 19th Asian Games Hangzhou 2022, during a media briefing on the preparations for the Games, in Beijing, China April 27, 2023. REUTERS/Florence Lo 

Hangzhou Deputy Mayor Chen Weiqiang attends a media briefing on the preparations for the 19th Asian Games Hangzhou 2022, in Beijing, China April 27, 2023. REUTERS/Florence Lo 

A staff member dressed as Lianlian, one of the three mascots of the 19th Asian Games Hangzhou 2022, walks past journalists before a media briefing on the preparations for the Games, in Beijing, China April 27, 2023. REUTERS/Florence Lo 

A staff member dressed as Chenchen, one of the three mascots of the 19th Asian Games Hangzhou 2022, walks past journalists before a media briefing on the preparations for the Games, in Beijing, China April 27, 2023. REUTERS/Florence Lo 

Staff members dressed as Chenchen, Congcong and Lianlian, the mascots of the 19th Asian Games Hangzhou 2022, enter the venue for a media briefing on the preparations for the Games, in Beijing, China April 27, 2023. REUTERS/Florence Lo 

Zhao Jianbo, founder of the remote kissing device "Long Lost Touch" demonstrates products for the camera during an interview with Reuters, at an office in Hangzhou, Zhejiang province, China March 13, 2023. REUTERS/Xihao Jiang 

Zhejiang Geely Holding Group's Chairman Li Shufu poses for pictures with a Benelli Leoncino 800 motorcycle at Geely headquarters in Hangzhou, Zhejiang province, China July 20, 2021. Picture taken July 20, 2021. REUTERS/Aly Song To match Special Report AUTOS-GEELY/LISHUFU 

Zhejiang Geely Holding Group's Chairman Li Shufu poses for pictures next to a Xingyue L SUV at Geely headquarters in Hangzhou, Zhejiang province, China July 20, 2021. Picture taken July 20, 2021. REUTERS/Aly Song To match Special Report AUTOS-GEELY/LISHUFU 

Zhejiang Geely Holding Group's Chairman Li Shufu poses for pictures at Geely headquarters in Hangzhou, Zhejiang province, China July 20, 2021. Picture taken July 20, 2021. REUTERS/Aly Song To match Special Report AUTOS-GEELY/LISHUFU 

Zhejiang Geely Holding Group's Chairman Li Shufu poses for pictures at his office in Hangzhou, Zhejiang province, China July 20, 2021. Picture taken July 20, 2021. REUTERS/Aly Song To match Special Report AUTOS-GEELY/LISHUFU 

Zhejiang Geely Holding Group's Chairman Li Shufu poses for pictures at Geely headquarters in Hangzhou, Zhejiang province, China July 20, 2021. Picture taken July 20, 2021. REUTERS/Aly Song To match Special Report AUTOS-GEELY/LISHUFU 

Wan Lin, chief executive officer of Alibaba's logistics subsidiary Cainiao, speaks at the Global Smart Logistics Summit in Hangzhou, Zhejiang province, China June 10, 2021. REUTERS/Yilei Sun 

Cheng Li, chief technology officer of Alibaba Group, speaks next to a Cainiao autonomous delivery robot at the Global Smart Logistics Summit organised by Alibaba's logistics arm Cainiao, in Hangzhou, Zhejiang province, China June 10, 2021. REUTERS/Yilei Sun 

Daniel Zhang, chief executive officer of Alibaba Group, attends the Global Smart Logistics Summit organised by Alibaba's logistics arm Cainiao, in Hangzhou, Zhejiang province, China June 10, 2021. REUTERS/Yilei Sun 

Travellers wait for their trains at Hangzhou East Railway Station during the 5-day Labour Day holiday in Hangzhou, Zhejiang province, China May 3, 2021. REUTERS/Florence Lo 

Travellers wait for their trains at Hangzhou East Railway Station during the 5-day Labour Day holiday in Hangzhou, Zhejiang province, China May 3, 2021. REUTERS/Florence Lo 

Alibaba Group's Taobao and Tmall president Jiang Fan speaks at Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 12, 2020. REUTERS/Aly Song 

Alibaba Group's Taobao and Tmall president Jiang Fan speaks at Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 12, 2020. REUTERS/Aly Song 

A man rests next to a sign of Alibaba Group's 11.11 Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 12, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A live-streaming session through phones at Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A woman checks data of Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A sign of Alibaba Group's 11.11 Singles' Day global shopping festival is seen at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

Alibaba Group Vice-President Liu Bo speaks during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

Head of Logistics for 2020.11.11 Sun Jian speaks during the Alibaba Group's Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

General manager of e-commerce content Taobao Yu Feng speaks during the Alibaba Group's Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

Head of Logistics for 2020.11.11 Sun Jian speaks during the Alibaba Group's Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

Employees walk during the Alibaba Group's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

An employee takes a break during the Alibaba Group's Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The signage is seen at Alibaba Group headquarters during the company's 11.11 Singles' Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The signage is seen at Alibaba Group headquarters during the company's 11.11 Singles' Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

People walk in Alibaba Group's headquarters during the company's 11.11 Singles' Day global shopping festival, in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

The Alibaba Group signage is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

An online celebrity performs through a live-streaming session during Alibaba Group's Singles' Day global shopping festival at a live-streaming base in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

An online celebrity performs through a live-streaming session during Alibaba Group's Singles' Day global shopping festival at a live-streaming base in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

A poster of online celebrities is seen at a live-streaming base during Alibaba Group's Singles' Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

An online celebrity shows a tampons box through a live-streaming session during Alibaba Group's Singles' Day global shopping festival at a live-streaming base in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

An online celebrity performs through a live-streaming session during Alibaba Group's Singles' Day global shopping festival at a live-streaming base in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

An online celebrity performs through a live-streaming session during Alibaba Group's Singles' Day global shopping festival at a live-streaming base in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

An online celebrity performs through a live-streaming session during Alibaba Group's Singles' Day global shopping festival at a live-streaming base in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song 

Members of the media attend the Alibaba Group's 11.11 Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song 

A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. REUTERS/Aly Song