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As a joint venture enterprise founded by Aviva Group and COFCO Group in 2003, the company is focused on becoming a leading digitalized insurer, aiming to provide diversified products and services to different groups of clients, he said.

As brands bankroll lucrative endorsements and influencers funnel fans into traffic, objectivity might be at stake. Influencers need to strike a tricky balance in their relationships with their corporate partners without losing integrity.

As for concerns about pressure from escalating Sino-US trade frictions, which would lead to an increase in the price of soybeans and other imported commodities, the impact may still be marginal because the country can increase imports from other nations to offset the risks, they said.

As an emerging business form, cross-border e-commerce has been surging rapidly in recently years. From experiences in the previous 59 cross-border e-commerce pilot zones, preferential policies including tax exemption can effectively promote cross-border e-commerce development.

As a retailer which once mostly operated brick-and-mortar malls, Ikea China carried out its transformation strategy with the aim of boosting convenience and accessibility for consumers. It developed smaller-sized stores in downtown areas to accelerate its omni-channel retailing, Brenti said.