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Yitu is also marching into other sectors such as finance, transportation and healthcare. In May, it raised 380 million yuan (.35 million) in its Series C round of funding, led by Yunfeng Capital, a private equity firm backed by Alibaba founder Jack Ma, and Sequoia Capital.

Yet, this exact practice occurs every day in the digital music business, where there is unlimited digital shelf space (for example, there are more than 50 million recordings in the Amazon music store) and a complete willingness by the digital music stores to seek popular and iconic recordings from any source, legitimate or not, provided they participate in sharing the proceeds.

Yoon teaches the designers to connect to the latest trends through social media and talk to store owners to learn consumers' wants and needs.

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Yuan noted that in 2017, Moutai Group exported 17.5 tons of Moutai liquor to the UK, generating nearly 2.5 million pounds (.4 million) in revenue. “The UK is now one of Moutai’s fastest growing international markets”, he added.

Yet another factor that pulled down share prices was the expiry of the lock-in period for more than 51 percent of its total share capital-worth roughly about 33.2 billion yuan, according to latest closing prices.

Yu said the company's consumer business group is confident of maintaining growth this year, but he also said some US politicians are considering to further tighten chip sales to Huawei.

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Yuan, the CASS researcher, noted that there are always grey zones, ambiguity or something not touched upon by a single document between any two governments.

Ymatou will further increase its commodity portfolio by developing local goods from East Europe, the Middle East and Central Asia, to introduce them to Chinese online shoppers. It will also select two to three logistics nodes to build overseas ware-houses and logistics transfer centers.

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Yu Chengdong, CEO of Huawei's consumer business group (CBG), said HarmonyOS is a next-generation operating system designed for the internet of things era. It is designed to deliver a smooth experience across different devices and Huawei plans to use it in smart TVs, automobiles, wearables and other hardware over the next three years.

Yu Tao (right), a resident from Xiadang in Fujian province, learns how to make milk tea in Jixi village. Photo provided to China Daily