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But such share sales have not dented market confidence. Among the 118 companies whose market value contracted by at least 100 million yuan due to shareholders' stake reductions, 28 have seen their share prices rise by over 30 percent so far.

But the company said sales are rebounding after dropping in March and the first half of April as people stayed home to avoid spreading the coronavirus.

But technology is a main focus for Quincey, an Englishman who has spent more than two decades at Coca-Cola. He wants to modernize the 131-year-old company and brags that there's hardly any paper in his pristine office. (Glancing over at a lone document sitting on a cabinet, Quincey apologizes that one piece "crept in.")

By 2025, Daimler has set a target of saving 4 billion euros (.8 billion) to help fund the cost of its electric cars.

But the company is facing fierce competition from a number of players, including BGI, one of the world's largest genomics organizations based in Shenzhen, Guangdong province.