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Chinese investment companies Puhua Capital and CM Ventures contributed to a recent funding round for the company that garnered a total of million.

Chinese people made 732 million trips via railway, road, waterway, and plane from Feb 1 to Feb 10, down 3.3 percent year on year, according to the report.

Chinese consumers' demand for food that is less commonly seen on the table has also opened a market for overseas products that are yet to be branded in the local market.

Chinese economy is on a transition to one more driven by consumption and service sector as increasingly affluent Chinese are looking for quality of life. In a speech to the Summer Davos Forum last June in Tianjin, Premier Li Keqiang said the five "happiness industries" of tourism, culture, sports, health and old-age care are rapidly growing in China.

Chinese e-commerce giant JD said it will develop more niche products in the maternal and baby category to expand product selection. This would help brands develop consumer-to-manufacturer or C2M products that can better meet the specific demands of consumers.