With the gargantuan fundraising from Alibaba, the Hong Kong stock exchange may easily secure a place among the top three in the global IPO league this year, and even retain the much-coveted title as the world's leading venue for listings for two consecutive years at the last minute.

"As the country's policymakers shift the timeline for opening up its gargantuan financial sector from years to just months, Chang hopes it won't be just a one-way story about foreign investors fetching more business from the mainland.

XTD's pledge to build several commercial communities, rather than one gargantuan shopping center, also fits into China's master plan of crafting city clusters to achieve better socioeconomic synergies.

Taobao Live, the livestreaming unit of Alibaba Group, pioneered the practice almost five years ago, and its strength is clearly linked to its parent company's gargantuan e-commerce market connecting some 700 million users.

The electricity generated by the Three Gorges Dam, a gargantuan structure straddling the Yangtze River in China's Hubei province, exceeded 100 billion kilowatt hours this year, the news outlet The Paper reported on Friday.

The technology sector helped boost the US stock market, with gargantuan companies such as Microsoft, Amazon and Google all seeing their share prices rise by more than 1 percent on Wednesday.

The deferred dual listing of fintech giant Ant Group's gargantuan in Shanghai and Hong Kong is a responsible practice to protect investors and the market, said industry experts.