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But they are fundamentally introducing the device at a loss leading 9 price point, thereby kicking off the hardware commoditization cycle in a big way.

By 2 pm Wednesday, the average wholesale price of pork, a staple meat in China, went up 0.1 percent to 43.43 yuan (.6) per kg, and that of eggs kept unchanged at 7.97 yuan per kg.

But they are facing some problems too, like relatively slow growth.

But the transition to offline has been bumpy. Before the internet companies started to build their own tiny gyms, companies such as Xiaoxiong Kuaipao Tech Co Ltd tried to team up with traditional gyms－an experiment that didn't end well.

But the company hopes that over the next five years, the situation will reverse, with Chinese citizens consuming up to 90 percent of the total, said Xia Yongtao, deputy general manager of Kaluga Queen, who admitted it might be "an unreachable dream".