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"But the market is willing to give it a high valuation as an internet company due to the celebrity effect brought by the lineup of star-studded shareholders such as Pony Ma and Jack Ma," he said.

"China is by far the largest market for mid-sized premium sedans. With Model 3 priced on par with gasoline powered mid-sized sedans, we believe China could become the biggest market for Model 3," Tesla said in its quarterly financial statement.

"By launching its bike-sharing platform, Didi will upgrade its short-trip mobility strategy and provide various mobility options and better travel experiences for travelers on the last three kilometers," Fu said, referring to a previous report that noted riders usually choose a shared bike for short distances, up to 3 kilometers.

"China is taking the lead in the electric vehicle market as there is a real government push to clear the air," said Bill Ford, executive chairman of Ford Motor Company, at the 2017 Fortune Global Forum this month.

"China has the capacity to emerge as the largest importer of avocados due to its huge population," Tito said.