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"Carmakers around the globe are investing heavily to align their portfolios to future needs and accelerate their innovation cycles. In such an environment, it just makes sense to share investment," said Diess in a conference call last Tuesday.

"By combining Ant Financial' s AI technologies with the capabilities of asset management companies in investor education and fund management, together we are making customized wealth management services more accessible for ordinary users," said Eric Jing, CEO of Ant Financial.

"China has achieved over 60 percent urbanization. The figure will reach 70 percent to 80 percent in the future, and the cities' size will only grow bigger and bigger, presenting challenges in their management and operation," he said.

"But we have our unique advantages－our dedication and focus over the past four years have given us probably the most complete set of building blocks for the era defined by intelligence, namely, SIOT and smart infrastructure, along with AI, big data, and services," he said.

"Buying, using and showing off Chinese products have become a fashion," Zhang says.