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And the GeekWire Summit is going virtual this year, with sessions from Oct. 13-29, and special guests, including Bill Gates. Most sessions will be on Tuesdays and Thursdays. Check out the event site to register and get a sneak peek at who will be appearing.

Analysts also cited the bigger-than-expected liquidity injection by the People's Bank of China, the central bank, on Monday as a key driver of the rally, as the move dispelled concerns that the PBOC is rolling back support for the real economy.

Anbang Insurance Group Co Ltd, a Chinese insurance giant, announced on Thursday that it is selling its health insurance arm, the first major domestic divestment after the government temporarily took over its operations last year.

And as Huawei customers graduate to higher end gadgets above 0, the Chinese company will have to compete head-to-head with Apple on quality and features.

An old song in Pudong goes: "There was a mud road along the Huangpu River, which flowed through the mud town. People passing there would get mud on their clothes."