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"Customers are no longer categorized in traditional silos like age groups or professions, but the true 'social circles' they belong to," she said. "The troves of data are critical to constructing content and marketing to make our offerings unique."

"Chinese entrepreneurial ecosystem is huge as most valuable AI companies in computer vision, speech recognition, drones are all Chinese companies today," Lee added.

"Consumption during the national holiday was in line with Alibaba's market expectation since 2018," said Jin Ke, director of Alibaba's Taobao. "Online spending remains robust."

"Continued growth and success of the Chinese firms in the US will eventually give them a competitive advantage in the public-private partnership market," said Foye.

"Combining 5G, the foldable screen, artificial intelligence and a brand-new interface, we hope that Mate X will be the first key for consumers to open the door to 5G smart living," he said.