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Wang said the sales slump is the result of a combination of factors, including the coronavirus outbreak.

Wang is a manager of the financial department of Fujian Biqu Internet Technology Ltd. The company recently developed a mobile app that provides information and tours to the Philippines for Chinese divers.

Wang also met with a delegation from the National Committee on United States-China relations on the same day, saying the two heads of state set the direction for future Sino-U.S. relations during U.S. President Donald Trump's state visit to China.

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Wang pointed out that China has no intention of seeking a trade surplus and is willing to resolve trade imbalances through consultations.

Wang Jun, co-founder and CFO of Miss Fresh, said: "The enclosing stage for the fresh food e-commerce market has finished, and the second stage for user penetration and management qualification has come. Cross-area and cross-category increases are the centerpiece that should be realized. Comprehensive digitalization and smart upgrades will guarantee a refined user experience and efficiency improvement in operation during business expansion."

Wang encouraged villagers to build homestays for visitors. However, even with subsidies and bank loans, many villagers were afraid there might not be enough guests.

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Wang said the company intends to use the proceeds to increase investment in AI development, improving cooperation with companies that could provide exclusive and original data sets as well as research and marketing. Wang also said he hopes the IPO will make it easier to collaborate with US tech companies.

Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, attended and addressed the symposium.

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Wang Mingqing carries a stack of cards with information on his missing daughter, that he hands out to passengers in his taxi. [Photo/ Sina Weibo account of Sichuan Daily]

Wang said the Chinese embassy in Kenya will continue to support the Confucius Institute in educational programs and in all other fields between China and Kenya.