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"By installing low-power sensors within IoT-driven devices, we will be able to lower electricity costs, reduce the light pollution in large urban areas, and have infrastructure that can last years without needing a replacement," he added.

"China has had a good comeback," Bernard Arnault, LVMH's billionaire chairman and chief executive, told a news conference on Thursday, adding other regions including the United States also performed strongly. "These global business trends are continuing into this year," he said.

"But the 0 billion valuation is undoubtedly too high even by the standards of Chinese companies' high price-to-earnings ratio. Xiaomi's market performance can by no means support that," Shen said. "Something between to 0 billion is more likely."

"By buying our new recreation service online, a consumer can take a 35-minute helicopter ride from Beijing to Chongli for 3,000 yuan. Four people can fly at a time. Hanging baskets can carry along cargo like skiing gear," Song said.

"But we worked through that. The salary and benefits here are comparable to US companies, our relations with the unions are good, and real promotion opportunities are there," he added.