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"Every day, we have a couple of students who can enjoy the maximum 45 percent discount; the highest record is more than 50,000 steps per day," Zhang said.

"Digitalization has allowed us to more easily personalize content or entice the consumer through targeted offers, which was harder to do in the past," said the president. "Digital marketing, or engaging with consumers via digital media, is one strategic area where Coca-Cola is seeing success."

"Despite the significant growth in profits, we still face mounting downward pressure," Zhu added. "There's uncertainty around industrial profits, which will be affected by multiple factors, such as market demand and industrial product prices."

"Depending on only a few top stars also means it has become difficult for marketers to uniquely build resonance with their brand," said Maneesh Choudhary, deputy managing director of Kantar Millward Brown China, a global research firm.

"Earnings picked up as macro policies to stabilize growth and corporations' efforts to counter impacts of trade tensions took effect," said Liu Chunsheng, an associate professor at the Beijing-based Central University of Finance and Economics.