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Apart from the on-stage work, Feyerabend helps in designing the troupe's repertoire. So far, the troupe has staged nearly 100 performances, leaving their footprints in more than 30 U.S. states since CICO was founded in 2009.

Apparel has become a huge business for Amazon. The company surpassed Walmart as the most-shopped clothing retailer in the U.S., according to a Coresight Research survey from March.

Apart from the efforts made by banks and financial regulators, central and local governments should also launch policies to further cut company taxes and fees and reduce rental costs. These tax and fiscal policy measures may be more effective in alleviating the difficulties faced by small businesses, said Lian.

Another highlight stemmed from its cloud computing, which advanced 84 percent to 6.61 billion yuan in the quarter ending in December and helped the company to claim roughly half of the domestic market where increased spending was widely spotted from enterprise customers.

Another advantage is that it can increase transaction efficiency, Shu added. A manager surnamed Yi at a bookstore in Shenzhen told China Daily that the monetary value of sales is deposited directly into the store's bank account and there is no need to operate another third-party account. However, Shu said customer choice dominates the future of the payment structure. As existing channels have covered nearly all consumption scenarios, the digital yuan needs to make breakthroughs for broader acceptance.