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Ant Financial has applied the technology in more than 40 real-life scenarios, including charity, food security, and cross-border remittance, according to Zhang.

Apart from Tencent, Alisports, the sports arm of e-commerce giant Alibaba, has also joined the party after launching the Alisports World Electronic Sports Games in March 2016, with 1,200 events planned across 15 Chinese cities. Another Chinese tech giant, NetEase, is also trying to develop an e-sports league based on its own games.

Apart from the streamlined application process, authorities will attempt to make the transformation attractive by dangling benefits before hybrid facilities, including tax breaks equivalent to nonprofits and priority in land use.

AppStream also adjusts on the fly, utilizing user input.

Apart from her talks with Li, the two leaders also witnessed the signing of twelve cooperative documents, covering such fields as entrepreneurs, customs, education, innovation and finance.