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"China is making its own business innovations over the past decades. Umpteen businesses, such as online education and food delivery companies, are emerging in the country every day," said Liu Chang, founder and CEO of 17Edtech.

"China has done a fairly good job at controlling the virus and its recovery. Other markets are still catching up with their own recovery efforts," said Margulies.

"Chehaoduo Group is committed to promoting industrial improvement through technology reform and becoming the new engine to drive the future of automotive retail in China. Our vision is to help families in China to be able to own a better car. The support of the Vision Fund not only strengthens the Group’s capital base, but also has the potential to boost our big data and AI innovation capabilities, which can be applied to the whole automotive retail value chain.

"China is a candidate-driven market," she said. "Opportunities are there."

"Cashierless stores are going to be big business in China, as our research showed that Chinese shoppers have exhibited this very strong tendency of doing research online by themselves and self-serving when they make purchases," said Spencer Leung, a consumer analyst at Swiss financial services firm UBS.