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Another possible factor: “Amazon is a conservative buyer,” Burgess said. “They think long term and they don’t get seduced by high-flying valuations.? For example, there was good business logic for them to acquire Twilio and add CPaaS (Communications Platform as a Service) as a feature set to AWS — but the IPO went out at over 16x revenue and if we see an acquisition by Amazon, it will most likely happen when that valuation falls back to earth. Even with the down rounds and the fallen unicorns, valuations are high — often out of range for a conservative acquirer like Amazon.”

Another case that began to erode public confidence in charitable organizations involved a woman called Guo Meimei who in 2011 posted photos of her extravagant lifestyle online and claimed to work for the Red Cross Society of China - the country's major provider of humanitarian assistance. Although she was later found to have nothing to do with the organization, an investigation exposed management flaws and a lack of transparency.

Any such claim by a tenant may require documentation. This, however, would likely lead to a heavier tax burden on the landlord concerned for income through rent.

Another DAB vice-chairman, Lawmaker Holden Chow Ho-ding, lost his seat in Tung Chung South constituency. His nearest rival polled 1,430 additional votes.

Ant, which claims to have 1 billion global users, has already gotten a range of financial licenses in China covering payments, online banking, insurance and micro lending.