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"Chinese shoppers have become more rational, and they are not blindly following the crowd to imitate others. They want products with both commercial culture and consumer mentality," said Pan, adding localization of global brands must keep pace with the times to stay competitive in the fast-changing Chinese market.

"Considering our current operation status, we are able to complete and may even exceed our global expansion goal of 200 cities," said Chris Martin, Mobike vice-president and head of its overseas expansion business. Much of that expansion will be domestic, but he said Mobike will cover more countries in the second half of the year.

"China should further streamline VAT brackets to encourage fair market competition, which in a sense reduces taxes for many enterprises," Liu said.

"Cuba's potential in this sector is huge and we can offer support for wind energy with efficient generators. We would really like to join the Cuban market," said Huang.

"Customers are our treasure and we need to let them feel it and we must value our customers with the experience they deserve," he said.