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Citing the Chinese mobile wallet players as examples, he sees great potential in non-bank financial sector in Malaysia as they have provided the users experience in which the conventional credit cards cannot offer.

Chinese tech company Cheetah Mobile, for instance, has deployed more than 7,000 robots in nearly 1,000 shopping malls and markets across 32 cities in China, as it aims to use robotics' big data to improve the efficiency of offline economies.

Chinese software service providers are tasting success in foreign markets thanks to their rich operating experience in one of the world's biggest and most competitive software markets, said industry insiders.

Chou Wong-chung, superintendent of the Narcotics Bureau, said the police first seized a real gun in an arrest of a violent and extreme gang in December last year, and up to now the police have seized five real guns, mechanical gadgets and over 1,000 bullets, and destroyed self-made devices to make bullets and labs to make explosives. These cases have been proved to have connection with violent extremists and radical groups.

Cloud computing was invented by American tech companies. By the end of the next decade, it might be the domain of Chinese tech companies.