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Analysts estimate that Apple cut orders to Foxconn by 20 to 30 percent earlier this month, mainly due to weak demand for the iPhone XR and XS Max.

And it is not just about the payment service. Alibaba's online travel agency platform, Fliggy, has been cooperating with Visit Finland since 2016. "The hometown of the Santa", "the journey for aurora hunters" and "the experience of world-famous glass igloos" are key elements they use to promote their travel products.

Analysts said that there is not a clear and proven business model for car sharing and many of the companies are affiliated to carmakers, which sold vehicles to them for winning government subsidies and amassing credit as demanded by the authorities.

Analysts attributed the fast FDI growth to effective policy that has boosted the confidence of foreign investors, as well as the accelerated process of industrial restructuring.

Anchor already sells 100 million liters equivalent of liquid milk products annually in China, including ambient yogurt, dairy foods and adult milk powder, Christina Zhu, president of Fonterra China, told China Daily in an earlier interview.