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Cars await sale at a used car trading market in Dalian, Liaoning province. [Photo by Liu Debin/For China Daily]

Che Pinjue, expert partner of venture-capital firm Sequoia Capital China, agreed. He said big companies' problem lies in the fact that too many opportunities and temptations distract them from identifying core issues.

Catherine Yang, EF's vice-president, said early-stage education for children aged 3 to 6 is one of the fastest-growing markets in the world for EF, thanks to strong demand from affluent, global-minded and well-informed Chinese parents.

Carmaker SAIC Motor launched its online ride-hailing platform Xiangdao Chuxing on Dec 18, four days after a similar service called ReachNow was unveiled by BMW Group in Chengdu, Southwest China's Sichuan province. In addition, auto manufacturers including Dongfeng Motor, Geely Auto and Great Wall Motor have all opened their own ride-hailing services.

Chai Yongzhi, a professor of urban planning at Beijing Jiaotong University, said the traffic networks of many of Chinese cities are larger than other major cities in Europe and the United States.