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And as it is the largest platform for IP authorization and commercialization in China's fashion and entertainment industry, the company has been deploying resources into building e-commerce platforms since 2017.

Analysts at Essence Securities said the promulgation of the strategy could herald a golden era for the autonomous driving industry.

Analysts foresee multiple easing measures by the PBOC, including a cut in the one-year benchmark deposit rate, as coming out soon, but they discount the possibility of a massive stimulus package.

Analysts said that there is not a clear and proven business model for car sharing and many of the companies are affiliated to carmakers, which sold vehicles to them for winning government subsidies and amassing credit as demanded by the authorities.

Analysts said that last year, Sino-US trade tensions and the US Fed's monetary tightening process increased the concerns of global investors.