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Ant Financial, Alibaba's financial arm, has even brought its technological prowess and business model to India, helping to incubate the indigenous digital wallet Paytm, which draws experience from Alipay, its Chinese equivalent.

Another battle may be brewing between Amazon and one of the world’s?largest book publishers.

Apart from exploring a market-driven mechanism for the commercialization of scientific research achievements, the tech subsidiaries of these banks also aim to export fintech solutions to smaller banks and other financial institutions, according to China Minsheng Bank.

Another advantage of the app is that when she chooses her exercise target it can develop a personalized training program that meets her needs.

Any topics on growth inevitably lead to discussions on China, which is playing an increasingly important role in setting the world's economic agenda as a major contributor to the global recovery.