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Dairy players, such as Yili and Mengniu, have gained more consumers because their products are well placed to take advantage of the increased importance people place on health and immunity. Yili has rolled out sugar-free Greek-style yogurt and plant-based milk, with both growing 500 percent year-on-year during the "Double Eleven "shopping event.

Decisive progress has been made in China's fight against poverty, while notable achievements have been seen in controlling air, water and soil pollution.

Dai, 31, is a social media influencer, acclaimed as "the king of transforming the rags" by followers on video-sharing platforms. He has attracted more than 270,000 followers on Douyin, or Tik Tok, and 250,000 on Kuaishou.

Dai said the group has increased its overseas investment since 2014, when it acquired House of Fraser, a British retailer. In July this year, it completed the acquisition of Dendreon, a Seattle-based maker of the prostate cancer vaccine Provenge, from Canada's Valeant Pharmaceuticals International Inc for 9.9 million.

Dazzling participants with new, intelligent demos and displays, the 2018 World Internet of Things Exposition is drawing worldwide attention to its host city of Wuxi in East China's Jiangsu province.