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Another official, speaking under the condition of anonymity, said: "businesses like Vmate are exploring a better development path". No matter what happens to employees or capital adjustment, it should serve the company's strategic target.

Ant Financial, owner of one of China's largest payment platforms — Alipay, was spun out of Alibaba in 2011, and runs other businesses like money market fund — Yu'e Bao and credit scoring — Sesame Credit. As a document to potential investors seen by the Financial Times showed, it claims to have 622 million users, 520 million of whom use Alipay, and manages 2.2 trillion yuan (5 billion) worth of assets.

Another photo showed villagers gathering around a newly installed outside water tap in 2014. "It was the first time tap water reached the village, and villagers wrapped the faucet with plastic bags to protect the precious water source from freezing in the winter," Wang said.

Anne-Marie Slaughter, director of Policy Planning for the US Department of State from 2009 to 2011, was probably the only US pundit who pointed out that "it is illegal under international law", although her tweet on Saturday also voiced support for the strike.

Announced on Saturday as one of 72 outcomes of the ninth China-UK Economic and Financial Dialogue held in Beijing, the fund is being hailed as a new milestone in the "golden era" of China-UK relations that began in October 2015 when President Xi Jinping met Cameron during Xi's state visit to the UK.