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Apart from reviving consumer confidence, May 5 Shopping Festival has also helped to incubate a number of new business models, said Hua Yuan, director of Shanghai Municipal Commission of Commerce.

Another major Singapore company that has ventured into Shanghai is Jumbo Group. Following its debut in Shanghai in 2013, the group went on to open another two Jumbo outlets in the city and another three in Beijing, Xi'an and Fuzhou.

Another Boeing 737 Max 8 crashed Sunday in Ethiopia, killing more than 150 on board. The crash in Ethiopia could affect the trajectory of the Lion Air lawsuits, based on what investigators discover, the local media quoted Thomas Gardiner, a name partner at Gardiner Koch Weisberg & Wrona which is representing the family of Lion Air co-pilot Harvino, as saying.

Anwar said on Monday after meeting Mahathir with other alliance leaders that Mahathir had quit as he didn't want to be associated with the former government that he worked so hard to oust in 2018 polls.

Apart from lectures, the participants will also visit places such as Shanghai Huawei Technologies Co Ltd and Yangshan Deep Water Port.