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Analysts from GF Securities wrote in a note that the market valuations of Chinese home appliance companies are at a similar level as that of their overseas counterparts.

An online platform for the exhibition and trading of artworks was also launched on Tuesday.

Analysts attributed the IPO surge of Chinese tech firms to vibrant web-based industries. Innovations powered by internet technology are springing up and the group of tech-savvy young consumers is growing rapidly.

And finally, Amazon makes it clear that its revenue and profit projections are unproven estimates. The company says the numbers are informed by its experience working with similar delivery companies, plus additional research, but says that actual results will vary.

Analysts said the stake sale of Gree Electric is part of the country's push to pare down government ownership in highly competitive industries such as home appliances.