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DualSpark employees will remain under the new leadership. With the DualSpark acquisition, Datapipe employs about 800. Terms of the deal were not disclosed.

Due to the rising China-US trade friction, the renminbi showed some depreciation recently, said Liu, terming the external uncertainty as a "bump" in China's development and something that can hardly change the long-term positive outlook.

Douglas said it is clear that in Europe low-cost carriers such as Wizz Air and Ryanair are bouncing back more effectively than hub-based network airlines.

Drastic changes have taken place in the industrial structure, and industry organization is now flatter, more market-driven, network and platform-based, with more participation of micro and small businesses. Also, the organizational boundaries of companies have become increasingly blurred, and the platform-based sharing economy, individual innovation and entrepreneurship have gained a huge growth space.

Due to failure of long rains in the months of March to May, the Intergovernmental Authority on Development, an eight-country trade bloc in Africa based in Djibouti, has said that Kenya will be hit by the worst drought in 38 years.