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Cutting overcapacity, deleveraging, lowering costs, reducing inventories and strengthening weak links of businesses to will generate sustainable long-term growth.

Currently, the most dominant cashless payment in Hong Kong is the Octopus card, a rechargeable card that is widely accepted by Hong Kong residents to pay for transportation, as well as items at convenience stores and small retailers. Yet Bao said the pre-top up mode, which requires citizens to top up the balance before paying, occupies a portion of citizens' disposable capital, and is less convenient than Alipay's real-time payment system.

Cross-border e-commerce platforms such as AliExpress have also helped Chinese startups such as Simplee to shine. Simplee is a domestic designer clothing brand founded by four young designers. The brand targets female consumers aged between 25 and 35 who appreciate wild, passionate and intimate clothing.

Customers of Kiva include drugstore.com,?Gilt Group, Dansko, Gap, Toys R Us, Office Depot, Walgreen’s, GAP and Staples, in addition to?Amazon-owned Quidsi, the company behind Diapers.com.

Customs tipped Nite Ize off on the seized shipment. Nite Ize later notified Amazon of the alleged counterfeiting activity. The tech giant confirmed what it called the “unlawful sale of counterfeit Nite Ize products,” and blocked the seller accounts, per court documents.