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Ant is duplicating its "Alipay model" overseas, inking a string of deals in the past two years with local firms across India, Thailand, Pakistan and Bangladesh to offer similar services for people with inadequate access to financial offerings.

Another trend is the boom in new energy cars. Sales rose 61 percent year-on-year in China last year, with more than one and a quarter million such cars being sold in the country.

Apart from performance, Chinese brands have also optimized their after-sales services. Redmi, a sub-brand of Xiaomi, was the first in the industry to offer an 18-month guarantee. Insiders said that this reflected the brand’s confidence in its products, which would help it gain more customers.

Apart from a few sectors not suitable for resuming business due to the high risks of human-to-human transmission of the disease, most enterprises can get back to business in accordance to the guideline published by the municipal government on Thursday, Zhang said.

Ann Winblad is a Founding Partner of Hummer Winblad Venture Partners. (HWVP Photo)