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Another new trend on Chinese companies' road towards going global is that more small and medium enterprises (SMEs) have been attracted to the overseas market, Shi added. "Although our service to SMEs accounts for only about 30 percent in our whole business, it grows 40 to 50 percent annually."

Another challenge for companies using data is that they tend to simply collect data but do not use it to predict something that they don't even know, she added.

Annual Chinese visitor numbers for New York are expected to exceed 1 million by 2018, according to NYC & Co, the city's official destination marketing organization.

Apart from Sham Shui Po, Central is another district Hong Kong Tourism Board promotes. In Central, Tai Kwun has become a new trend for tourists. Tai Kwun, a nickname for former Central Police Station, has been turned to a culture attraction after being revitalized.

Apart from having supply chains that are reliable and relatively less vulnerable to disruptions, China enjoys the advantages of economies of scale and competitive labor costs, which make supply chains in China scalable, extendable and cost effective, said Wang Shouwen, vice-minister of commerce.