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Douyin is riding the monetization boom of the short video market, a sector projected by iResearch to surpass 35.7 billion yuan (.22 billion) by 2020. It's becoming the latest avenue for brand promotion and online engagement with customers, posing a threat to longtime guru Taobao, an e-commerce marketplace run by Alibaba.

During a visit to the flagship supermarket in Shanghai's Jinqiao area in July, Alibaba Chairman Jack Ma and CEO Daniel Zhang were delighted at what they saw.

Due to compact dimensions, charging stations could be set up almost anywhere where there would be a need or where no charging infrastructure is yet available, according to Volkswagen.

Dong said through localization in the Chinese market, Nike will draw inspiration to develop a stronger and competitive edge in the global market.

Dow cited US Department of Commerce figures showing that international travel to the country grew by just 3.5 percent last year.