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Clarke Murphy, CEO of global executive search and assessment firm Russell Reynolds Associates, said the company sees enormous potential for the Chinese market given the considerable progress the country has made in preventing and controlling the coronavirus pandemic.

Chu Shitao, executive deputy director of the primary care research institute at the China Medical Pharmaceutical Material Association, said that "currently, pharmacies are closely following the drugs that have passed the consistency evaluation, but did not win a bid in the national centralized procurement. These drugs must find new distribution channels, and the Direct to Patient (DTP) model, or other outside-of-hospital sales channel, is an inevitable choice.

Chinese smartphone manufacturer Nubia Technology Co Ltd has unveiled a gaming mobile phone, the Red Magic 3, with an aim to take gaming smartphones to the next level by introducing an active cooling setup inside the unit.

Chiu credits Amazon for much of the firm's success but now is thinking of branching out, saying offers from retailers include invitations to sell online from Walmart Inc and US shopping site Rue La La.

Citing a number of new projects coming online and strong demand for products as the main reasons, the company reported a first-half net profit of 4.1 billion yuan from a revenue of 20.1 billion yuan, up 43 percent year-on-year.