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"Chinese consumers embark on a journey of exploration and discoverythey go online to see what's new or trending, and they interact with fellow buyerssometimes many times a day," according to Chris Biggs, a partner at BCG who leads the digital retail business.

"Consumers can save screenshots or record what a livestreaming host says if they want to buy products online," she suggested. "Checking the quality of goods is also necessary, and the process of unpacking expensive products had better be witnessed by another person, such as the delivery person, and have a video record as evidence."

"Chinese online travel agencies boast high gross profits and user stickiness, and industry leaders are becoming stronger with more significant market centralization," said Neil Wang, president of Frost& Sullivan in China.

"China will further ease market access, implement just and fair supervision, guarantee fair competition of different ownership subjects, and work to create an open, transparent, stable and expectable market and law environment for domestic and foreign enterprises as well as all kinds of talent."

"Continued growth and success of the Chinese firms in the US will eventually give them a competitive advantage in the public-private partnership market," said Foye.