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And in a business decision that demonstrates the appeal of TikTok, Facebook's Instagram is launching its own version－Instagram Reels.

And some 200,000 mom-and-pop stores powered by Alibaba's Ling Shou Tong store management system will provide online sales promotions and augmented reality-based red packets that offer discounts at 3,000 "Tmall Corner Stores."

And speaking of the slopes, former Expedia CEO Erik Blachford has joined the board of Liftopia, a San Francisco startup that describes itself as the “largest online marketplace for discounted?ski lift tickets?and mountain activities.” The company today launched a new iPhone app that allows skiers to get deals on lift tickets, and browse snow conditions at more than 150 popular ski resorts. Liftopia says that it offers up to 80 percent discounts on lift tickets.

And while The Spheres will have capacity to hold more than 800 people, non-Amazonians who have watched with curiosity as the project takes shape won’t have daily direct access to the inside. But next year the general public can get in by signing up online for one of Amazon’s campus tours, on which The Spheres will be a stop.

Analysts and industry insiders believed that market optimism across the board on potential progress to be made in China-US trade relations, as well as the long-term resilience of the Chinese economy, has fueled the yuan's rally to pick up steam during the week.