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Ant Financial was a leading sponsor of a cashless alliance set up in April. The company earlier vowed to make mobile payment accessible in the whole country in the coming five years.

Another reason for the decline was the drop in shopping for resale, or "Daigou", where individuals buy items overseas and sell them in China by charging commission.

Announced at a press conference, it shows one aspect the country has achieved in accelerating the construction of the social credit system.

Another tech firm the ministry signed up is ByteDance. The company's apps can notify users close to where people go missing and help collect clues of their whereabouts.

Another officer who had been reported to be in extremely critical condition has also died, according to law enforcement sources.