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"Compared with companies from other countries, Israeli companies are technology-driven and focus on hard tech. It is a perfect business model to combine such hard tech with our country's user-driven business," said Peng.

"Currently, most of them sell only personal computers. We will turn them into cool retail stores which sell a wide range of consumer electronics," Liu said.

"China welcomes all types of businesses, including foreign ones, to participate in the ownership reform of SOEs," said Xiao Yaqing, chairman of the State-Owned Assets Supervision and Administration Commission, at a media briefing on the sidelines of the 13th National People's Congress, the top legislative body, on March 10.

"China urges the US to treat Chinese companies in an objective and fair manner," Geng said in a statement, adding that the country will firmly defend the legitimate interests of its enterprises.

"Commercial banks, whether big or small, are not familiar with customer acquisition on the internet or using alternative data provided by third-party service providers to conduct credit investigations. Under the circumstances, fintech companies will serve as necessary enablers for banks," said Victor Li, executive vice-president of Pintec, a Beijing-based fintech total solutions provider.