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Another two plants could also go into service if necessary, the source said.

Ant Financial Services Group, a financial technology unicorn run by Jack Ma, teams up with Philippine telecommunication giant Globe Telecom to offer real-time cross-border remittance services for individuals and small and medium-sized enterprises (SMEs) in Hong Kong and the Philippines, in a sign of its determination to make inclusive finance a reality for ordinary people along the Belt and Road route and the world over.

Another American, 55-year-old Donald Cash, died last week while making his way down the mountain, minutes after reaching the top of Mt Qomolangma.

Apart from Tiger Broker, a Chinese online securities brokerage startup, and ITF, Rogers said he had also invested in a South Korean fintech company. He said his involvement in these fintech projects had not yielded any profits yet as they were in their initial development stages but he was confident in the industry's future.

Apart from contract factories, the rest of Apple's suppliers that sell it chips, glass, aluminum casings, cables, circuit boards and much more, also became more concentrated in China, the report said. Among all supplier locations, 44.9 percent were in China in 2015, while the figure rose to 47.6 percent by 2019, the data showed.