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Apart from ramping up efforts to support small businesses, the regulator also highlighted the importance of implementing policies for the further opening-up of China's financial market.

Another thing Pinduoduo focuses on is improving the efficiency of supply chains so people could eat fresh vegetables. "Cooperating with people who come back to the countryside after college could help with this," Sun explained, adding these young people have the experience of living in big cities and know how to run a business on the e-commerce platform.

Another new trend on Chinese companies' road towards going global is that more small and medium enterprises (SMEs) have been attracted to the overseas market, Shi added. "Although our service to SMEs accounts for only about 30 percent in our whole business, it grows 40 to 50 percent annually."

App operators who mislead users to get their permission, or intentionally hide or cover up their aims in collecting or using the private information of users, will be deemed to have illegally collected or misused it.

Another government-funded R&D institute, Hong Kong Research Institute of Textiles and Apparel, developed a reusable mask with its award-winning reusable fabric technology. The mask can be washed and reused up to 60 times. The masks were distributed to residents free of charge in May, June and September.