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Another noted trend is that Alibaba's sales and marketing budget climbed 90 percent in the last quarter of 2017, significantly higher than the 42 percent growth rate for research and development.

Another business opportunity occurred to him when he learned that walnut hulls could be used in making dyes. Wang cooperated with a tech company in the city of Chengdu to extract plant pigment from hulls to make hair dye.

Another highlight of the digital makeover is that enhanced storage and computing may ensure travel sites do not crash when travelers swarm to snap up tickets at the predicted peak time. According to Xiao, the company will also leverage its cloud computing resources to help airlines and the railway company conduct marketing tailored to target audiences.

Apart from the eye treatment drug, some 22 anti-cancer drugs, seven drugs for rare diseases, 14 for chronic diseases and four for children are included in the new drug reimbursement list. The prices of three new drugs for hepatitis C were reduced by an average of 85 percent, according to the National Healthcare Security Administration.

Apart from investing more on digitalization, the company established the group's head office for the Chinese mainland in Shanghai this year, to forge a closer bond with local exchanges, as well as create a better connection with local business partners, in order to integrate resources and diversify sales channels.