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Apparently, such a massive transformation won't be easy for China. There was a time when its workforce used to eke out a living by working in old-fashioned factories. But, China's changing economic priorities would mean the workforce issue needs to be handled well during reforms.

Another home appliance giant, Hisense Group, has jumped on the bandwagon and launched its own 55-inch and 65-inch A8 series OLED TVs in March.

Another recent news is that the PBOC will start reviewing how banks are performing in the green finance sector on a quarterly basis from next year, as the world's second-largest economy steps up efforts to promote sustainable finance.

Any election disputes would have to go through lower courts and may not even reach the high court, according to U.S. election and legal experts.

Ant did not disclose the size of its planned listing nor the timing. But the Hangzhou-based company is targeting a valuation of more than 0 billion, according to sources quoted by Reuters.