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"Harmony but not sameness, diversity but not confrontation, these values are deep-rooted in the Chinese culture," said Cui, citing words by Confucius.

"German trains always run on time" - that old saying may soon be modified in the digital era to "Made-in-China trains in Germany always run on time".

"Google has a lock on search, processing about 90 percent of all web searches around the world."

"Foxconn is not just a con-tract manufacturer of electronic devices, but is also engaged in the design and production of some precision elements in the supply chain sector, as well as accumulated experience and strength in intelligent manufacturing," said James Yan, research director at Counterpoint Technology Market Research.

"Given the differences in their business models, Youon will be little affected by the rising public bicycle sharing businesses in China," he said.