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Appearances can be deceptive, though. In truth, Zheng's family, in Macheng, a city in Central China's Hubei province, is desperately poor.

Another home appliance manufacturer Shenzhen-based Konka Group Co Ltd said its gross margins from TVs and white goods, which include air conditioners and refrigerators, witnessed a decline in the first quarter due to the price rises of raw materials.

Ant Financial's effort represents a genuine breakthrough in business know-how and putting the ideal of inclusive finance into practice, said Xu Yuan, a professor at the National School of Development at Peking University.

Another video clip showed rioters beating up a truck driver with blood all over his face after stopping the truck with barricades.

Ant Financial now operates Alipay, one of the world's largest mobile and online payment platform, controlling more than 50 percent of China's mobile market where QR code, or quick response code, has become dominant in the digital payment sector.