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Ant Financial Services Group has appointed Simon Hu, former head of Alibaba Cloud, as its president, the latest follow-up in Alibaba’s organizational restructuring announced three days ago.

Another decision made at the meeting said the procedures that a new firm needs to go through to become initially operational will be further streamlined. The whole business registration process will be conducted online. Government approval of the names of businesses before registration will no longer be needed unless specifically required.

Another player, Jiedian Technology, in May received a 300 million yuan investment from Jumei.com, one of the biggest online beauty production retailers.

Apart from the on-stage work, Feyerabend helps in designing the troupe's repertoire. So far, the troupe has staged nearly 100 performances, leaving their footprints in more than 30 U.S. states since CICO was founded in 2009.

Apart from the scale of Singles Day, one feature which will set this year's event apart is the O2O, or online-to-offline shopping.