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"Clearly, this is an aggressive move by Uber to take out a competitor and further consolidate its market position," Ives said in a research report. "Especially as the COVID-19 pandemic continues to shift more of a focus to deliveries vs. ride-sharing in the near term."

"Companies usually adjust their pay structure to allow for labor costs and the situation in the market," he said. "But the leverage of skills required and positions available to the job seekers play the key role in pay levels."

"China today is flourishing due to the push from its public and private sectors. Although it was decided during the 'two sessions' not to set a growth target, they do focus on fighting poverty and preventing the pandemic from leading to job losses," said Gualda.

"China remains committed to its fundamental national policy of opening-up and pursuit of a strategy of mutual benefit and win-win outcomes," he said.

"Corporations have the ability to shape human development as never before through strategic investments, corporate policies and dialogue with governments and civil society. And corporations have enhanced influence when people trust their brands, which is why brand trusting is very important," he said.