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"Despite lacking a mature value chain, that lower-frequency band will cover a larger area and offer continuous network coverage."

"Even though it is still at an early stage, central SOEs will face issues including monopoly and the placement of employees during the process of mixed ownership reform. But as these enterprises are all strong and competitive, they have the ability to solve problems such as employee placement," said Li Jin, chief researcher at the China Enterprise Research Institute.

"Different from traditional financial services institutions, customers can apply for loans just through the internet, which has greatly improved efficiency and convenience for them," Zhang said.

"Due to the changes in world economy, new growth centers have appeared, while the European Union finds itself imprisoned in a slow-growth trap where western countries will probably grow under 2 percent," Varga explained.

"E-commerce platforms hope to tap the huge consumption potential from the Chinese market. It is noteworthy that the tie-up between Amazon and Pinduoduo will help Amazon tap the massive annual active buyers on Pinduoduo's app," said Mo Daiqing, an analyst at the China E-Commerce Research Center.