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Chinese e-commerce platform JD released its financial results for the second quarter ended June 30 on Tuesday, announcing both its income and profit hit a record high for the same period.

Chinese and British auto sectors symbolically joined hands on Tuesday as the China Association of Automobile Manufacturers, known as CAAM, and Britain's Society of Motor Manufacturers and Traders, or SMMT, signed a cooperation agreement in London.

Chinese entrepreneurs have faced difficulties for their businesses over the past 12 months given the slump of the A-share market and the 6 percent drop in the Chinese yuan against the US dollar. The benchmark Shanghai Composite Index shed 25 percent last year, according to Shanghai-based market tracker Wind Info. This has resulted in the fact that 212 Chinese billionaires dropped out of the global rich list this year, said Hoogewerf.

Chinese are also dispelling stereotypes of visiting mostly landmarks and partaking of luxury goods, and are gradually turning to more experience-driven items. Sales of intra-Europe railway tickets surged 35 percent from the same time last year, according to travel portal Fliggy, whereas satiating palates for durians helped increase trips to Thailand and Malaysia by 59 percent year-on-year.

Chinese private enterprises have sought to buy distressed overseas businesses, perhaps with an overly rosy view of their ability to turn the business around or to create synergies with their existing China business, according to McKinsey&Company, a global management consulting firm.