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But Xiaomi's success is not limited to smartphone sales, as it is also trying to win over Spanish households with a wide array of products ranging from electric scooters to wearables such as the "MiBand3", a fitness wristband that tracks metrics for calorie consumption, heartbeat or distance walked.

But many fear the IP bubble might be about to burst. Even Wang warned of the challenges ahead when he cited the example of the smash hit mobile game Candy Crush. He disclosed that a Taiwan-based company has acquired the franchise license from the game's developer King Digital Entertainment for millions of Hong Kong dollars. But so far the only product it has spun off has been children's candy and the agreement expires in two years.

But it wasn’t just hard news. We had some fun along the way too, including the rockin’ rooftop party at EMC/Isilon before a Sounders match and some lively conversations on the GeekWire podcast and radio show.

But Fu said State benefits would not be affected by the epidemic. Given the size and vibrancy of the Chinese economy, the government's reserves were large and elastic enough to handle the decline in fiscal revenue, he said.

But it would not be possible for them to have a big stake in Unicom, given that telecommunications has high national strategic importance, he said.