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"China's venture capital firms have already invested heavily in consumer-oriented businesses over the past 10 years. It's high time they better tap into opportunities brought by the enterprise market. And the investment in robotics technologies, such as a variety of sensors, can help fuel the emergence of 'little giants'," Ren said.

"Chinese companies have demonstrated great determination to digitize their organizations against the current complex business environment," said Zhu Wei, senior managing director and chairman of Accenture China.

"China's digital economy has provided a very good opportunity for rural development," Gao Hongbing, vice-president of Alibaba, said.

"Chinese consumers have shown huge enthusiasm for 5G smartphones, which has outpaced our expectations," Lei Jun, founder and CEO of another leading smartphone vendor Xiaomi Corp, said at the WIC.

"Chinese auto brands have made great strides thanks to improved quality and after-sales services, and sometimes they even outperform certain global names," Shi said, adding that many of the company's exported vehicles were shipped from Chongqing to Shanghai via inland waterways.