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Case in point: Chinese e-commerce players not only generate big numbers in sheer transaction volume online but reshape the manufacturing process based on personalized needs and move to revamp physical retailing. This would help them gain an advantage over international rivals such as Amazon and eBay, which have just put stakes in this area.

Chairman Geng Jinhai,

Carmakers are stepping up their efforts to recall faulty cars in China, the world's largest car market.

Chairperson Margarita Louis-Dreyfus said China is a vital market for the company which will continue to work closely with local partners.

Caution has grown among investors on fears of a slack market stuck in oversupply and weak demand. Amid the compounded concerns, crude has been trading close to its 18-month low, with both benchmark prices dropping more than 40 percent since hitting their four-year highs in early October.