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But he said the Belt and Road Initiative will offset the impact and bring new opportunities for Chinese companies in their "going global" process.

But Kering said that sales on the Chinese mainland increased 40 percent in the second quarter compared with the same period of 2019, and LVMH reported that sales of its top fashion brands Louis Vuitton and Christian Dior were up 65 percent in China.

But he also said that the list does reflect the rise of privately-owned companies such as Alibaba and, by extension, the power of the market in the wake of China's economic transformation.

But Reed Hastings, chairman of Netflix, an online streaming giant with 8,600 employees, believes that working from home "has no positive effects".

But now Amazon is expanding its online retail presence in the world’s fifth most populous nation, adding an electronics, appliances and video games marketplace in Brazil. Bloomberg first reported on the plans last week, and Amazon made it official today, with electronics items popping up on its Brazil site.