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Chen said 176 Taiwan-funded companies in Fujian took part in a tax reduction policy for high-tech enterprises last year, with a total of 758 million yuan (2 million) in deductions realized.

Chike said he hoped the pandemic would be soon be brought under control worldwide and that Guangzhou businesses could soon return to normal.

Chen Nan, a professor with Shanghai Jiao Tong University School of Medicine, who led principal investigator in the phase-three clinical trial of roxadustat in China, said: "Thanks to the improvement of China's pharmaceutical innovation atmosphere, Chinese researchers now have much better chance to show their excellence together with international peers, to further the global clinical development of first-in-class innovative drugs and to succeed in incubating them in China first.

Chen Lei, chief executive officer of Xunlei Ltd, a Chinese cloud-based acceleration technology company, said AI will bring about some creative job positions in traditional manufacturing industry, while the application of such cutting-edge technologies puts higher requirements on data and information security.

Cheng admitted that they also face numerous challenges going international, since not many Chinese internet companies have successful experience on that regard, especially for online-to-offline businesses. "We are also exploring," the 34-year-old CEO said.