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Cloud Report Card: Amazon Web Services is a B juggernaut, but Microsoft and Google are gaining

Chinese tech companies are scrambling to develop operating systems for smart TVs and beyond as they work hard to build their own core capabilities in the internet of things era.

Chow said: "We are seeing an abundance of IPOs in Hong Kong this year. Looking ahead, there is an expectation for TMT IPOs in Hong Kong to reach a peak in the second half of the year. Meanwhile, Sino-US trade frictions could fuel uncertainties in the IPO issuance and valuation of TMT companies."

Chris Kelley, principal of Menlo Park, Calif. venture firm DFJ said the best entrepreneurs don’t just look at the players in the market, they look for problems that aren’t being solved. Kelley says DFJ, which has?invested in several cloud companies as well as big names like Twitter, Baidu, Redfin, SpaceX and others, would absolutely invest in a company looking to put up a challenge against even the biggest players such as Amazon Web Services or Microsoft’s Azure.

Chinese shipyards executed orders amounting to 35.15 million dead weight metric tons in the first nine months, up 41 percent year-on-year, while they received 20.13 million DWT of new ship orders, an 8.7 percent increase from the same period a year earlier, statistics from Beijing-based CANSI show.