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"Chinese brandy producers can embrace precious opportunities to develop the domestic market if they can carry on Chinese wine-making culture, (and) use world class winemaking skills to ensure the brandy quality," said Wang Qi.

"Companies in these regions, especially those on the east coast, are active in producing and selling fake products," Chai said.

"Comprehensive and highly efficient logistics systems have become the core competence of enterprises to attract customers, especially for e-commerce platforms and express delivery companies," Xia said.

"China's e-commerce sector has posted remarkable achievements as it drives global development," said Jennifer Ye, PwC China consumer markets leader. "Chinese internet giants are leveraging their own capital and technological advantages to create retail ecosystems, while consolidating offline spaces and upstream and downstream industries to maximize their competitive edges."

"China's regulation on the administration of savings has stipulated only banks and credit cooperatives can handle savings-related business. Internet platforms, which largely market these products through massive online traffic, are not technically eligible for such services," said Dong Ximiao, chief researcher at Merchants Union Consumer Finance Co Ltd.