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Crossing the 1.1 billion user benchmark, Tencent's WeChat is consolidating its position as a unified entry where Chinese shop, entertain, work and run errands, and such dominance has given rise to emerging revenue strands from payment fees to monetization of its advertising inventory.

Cui Hongjian, director of the Department for European Studies at the China Institute of International Studies, said that the pandemic will certainly be felt in terms of international relations and broader globalization trends.

Customers who use the six companies' own apps can still choose WeChat as the payment tool, Zhang said.

Currently WSE runs 75 directly owned centers in 11 cities in the country including Beijing, Shanghai, Shenzhen in Guangdong province and Nanjing in Jiangsu province, offering courses for more than 200,000 students. Paul Blackstone, CEO of Wall Street English China, said to further accelerate its growth, the company is considering a number of different expansion models from company owned to partnerships and also digital expansion.

Crude steel production increased 5.6 percent year-on-year to 566.41 million metric tons in the January-August period, compared with a 0.1-percent decrease in the same period last year, according to the National Development and Reform Commission (NDRC).