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"Expanding to small and medium-sized cities and gaining more lower-tier markets are of strategic value and significance to both Dada-JD Daojia and merchants on the platform," said Philip Kuai, founder and CEO of Dada-JD Daojia.

"Data is the most important element in redefining retail," said ICBC's Wu. "With big data, multi-dimensional digital marketing can help increase the monetization rate of advertisements as well as the conversion rate of the online and offline merchants with the platforms."

"Cybersecurity will become the core competitiveness of financial institutions or online payment platforms. Internet finance companies need to invest more in cybersecurity. I believe the input on cybersecurity will be much bigger in the future," said Qi Xiangdong, chairman of 360 Enterprise Security Group.

"Ever since 2009, when the road was built in front of our house, we have lived in fear of the rushing cars," said Xu Renxiang, 29, from Dongfeng village.

"Every time when we come across cases like this, they affirm our belief that we've provided a safe place to let out negative energy. And we are happy for that."