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"Competition among online retailers will concentrate on new technologies, logistics networks and supply chains. E-commerce players should expand their offline consumption offerings and apply more cutting-edge technologies," Cao said.

"Consumers used to make purchase decisions via pictures and texts. But the late 1990s were a different era. Only insightful companies that understand change can succeed," said Chen Zhongqi, founder of Xingcheng Qianzi swimsuit company. As the flagship company of Xingcheng, Qianzi opened 10 online stores on Taobao, eBay and Amazon to cater to individualized demands.

"Craft beer is expected to see fast growth at 40 percent at least in the next five years," said Zhu. Therefore, it is crucial for Carlsberg to get into the craft beer category in China and expand its high-end beer presence, he said.

"Chinese PV products exports have become more diversified in terms of the geographic destinations for shipments, with the focus shifting from Asia to more international destinations," said Wang.

"Compared with optical fiber and other means of traditional communication, the 5G technology features flexibility, low costs of construction and maintenance and scalability.