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"Companies from Southeast Asia including Singapore, Malaysia and Indonesia will also be our targeted potential clients," Geng added.

"Currently there's more cooperation instead of fierce competition in the emerging big-data industry, "Han said: "Grasping that opportunity, the national lab and our research center will introduce big-data circulation standards and encourage enterprises to run big-data business according to the standards. Thus, we will embrace a better competition environment in the future."

"Customers aspire for something not necessarily exclusive but unconventional. This is when influencers kick in, with consumers putting a lot more trust in online key opinion leaders in their decision-making journeys," Shen said.

"Chinese consumers have already developed the habit of buying almost everything online. The expensive, large-size home appliances can now also be bought with a mouse click, with e-commerce companies building trust with consumers and offering free installation services," said Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy.

"Continuous reform and opening-up made us what we are today and will continue to shape our future," Zhao added.