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Back in the 1990s, Cai Mingpo, 48, was just a "poor Chinese student" in France. Today, he helms the billion Cathay Capital Private Equity.

Bans on expanding cycle fleets in Beijing, Shanghai, Shenzhen, Wuhan and Guangzhou, as well as eight other cities, have been wheeled out by local authorities.

Baconguis welcomed such government-led initiatives but said that individual consumers themselves need to find more eco-friendly alternatives to plastic bags and containers. She pointed to the time before plastic bags became common, when people had reusable baskets made from woven dried leaves to carry items.

Back in February, Tencent rolled out a "protection platform" to help parents supervise their children's game accounts.

BYD has ambitions in battery supply, which are supported by its Chongqing battery factory with an annual capacity of 20 gigawatt-hours.