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Analysts believe the presumption is possibly based on Guangdong-headquartered Chinese technology giant Tencent's recent acquisition of a 5 percent stake in Tesla as well as China's growing demand for new energy cars.

Andrew Kim, visiting scholar at South Texas College of Law, shared data that prior to 2008, about 17 percent of defendants in economic espionage cases were ethnically Chinese. That number had grown to 52 percent from 2009 to 2015.

Angel Saz-Carranza, director of the ESADE Center for Global Economy and Geopolitics, said the growing threat of protectionism in recent times has made open and collaborative China-EU relations more important. He urged the two governments to work on establishing further clarity in investment rules.

And the farmers who John Heisdorffer represents – soybean growers – may have the most to lose if China retaliates against the US agriculture sector.

Analysts point out that the business format is profitable because it uses little money to attract a user but may absorb over 1 million yuan or more in advertising fees later thanks to the huge amount of users.