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Anti-hair loss shampoo, the most traditional choice for those suffering from hair loss, also showed potential growth. Industry data showed that in 2018, the market volume of anti-hair loss shampoo reached 1.13 billion yuan, up 15.3 percent on a year-on-year basis. It is estimated that the market will surpass 1.5 billion yuan by 2020, and the young generation is estimated to be the main consumption power.

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.

Ant's advantage is based on its massive customer base, a comprehensive payment system, and the consequent fame needed to win the trust of both partner institutions and end users.

Apart from free venues for start-ups, the base provides entrepreneurship training and policy counseling.

Another director and award-winning actor from China, Jiang Wen, brought his latest action-epic, Hidden Man, to TIFF 2018 as part of the Gala Presentations programme.