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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 China, the firm's cycles can be found in Singapore, Malaysia, Thailand, South Korea, Japan, England, Italy and the United States. Last month, it announced its operations in Berlin, Germany.

Apart from studying diligently, Damal spends most of his weekends doing volunteer work in Yichang. He has been a caregiver in hospitals, directed road traffic, and most recently went to clean a stretch of the Yangtze River bank with a team of volunteers, where they attracted public attention.

Anjuke, an online real estate listing unit under 58.com, signed a strategic partnership in April with online platform Myfun, an Australia-based digital advertising business under REA Group specializing in property, to help the latter further expand on the Chinese mainland.

Another US-listed Chinese education stock GSX Techedu Inc also registered losses this week. The company recently reported a tenfold growth in earnings for 2019, but a short sell report in February questioned its financial integrity.