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"Credibility is the most important factor for the used car sector to see sustainable development," said Shen.

"Consumers now have higher expectations for online-to-offline business," said Bruno Lannes, a partner at Bain & Co, the global management consulting firm, in China. "Retailers must come up with new models."

"Chinese courts have been upholding equal protections while hearing foreign-related IP disputes no matter where litigants are from," Tao Kaiyuan, vice-president of the Supreme People's Court, told China Daily in an recent exclusive interview.

"Chinese customers have very deep trust in key opinion leaders (or KOLs) and this psychological bond can be partially explained by the pseudo-intimacy created by social media," she said. "Social media make you feel like influencers are friends as you know who they are in real life, thanks to the details of their daily lives shared through Weibo, WeChat and live streaming apps."

"China's industrial internet is entering the fast lane, with a wide range of applications having emerged in manufacturing, healthcare, energy, smart ports and other sectors," Xiao said.