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Banks attracted foreign investors with their low valuations, while food and healthcare stocks stood out with huge market potential and freely competitive environments, according to analysts.

Baidu's Apollo self-driving bus attracts attention at a park in Beijing's Haidian district. [Photo by Pang Zhengzheng/For China Daily]

BYD early this month reported a 42 percent drop to 1.61 billion yuan (7 million) in net profit for 2019, down from 2.78 billion yuan in 2018. Its revenue dropped 1.8 percent to 127.74 billion yuan last year, from 130.05 billion yuan a year earlier.

Bai Yicong, CEO at film and TV production company Linghe Media, said click farming - where third parties are paid to generate clicks on videos to artificially raise view counts - has become rampant across the nation, fostering unfair competition.

Bamboo Learning CEO Ian Freed. (Bamboo Learning Photo)