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Analysts said Huawei's years of research in telecommunications, especially 5G, would give it a head start over competition. After all, it is impossible to have fully autonomous vehicles without 5G, which is essential in enabling superfast internet speeds and real-time data analysis.

And while the compact option opens up the possibility of locating in more office buildings and lobbies and so forth, Kumar wasn’t willing to speculate on where and how the company will steer Amazon Go growth in the new year and beyond.

An open-air book market opened in downtown Shanghai on March 21. Customers wearing masks strolled in the spring breeze.

Analysts at Bernstein said, "Strategically the deal feels like, after years of deal-making, a first move by Chairman Li Shufu to consolidate his sprawling automotive empire."

Analysts said that since there are no changes to assessment standards for initial public offering applications, it would be too early to say that the latest committee for IPO approval, which started operation Oct 9 at the CSRC, is "stricter" than its previous peers.