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"China's ODI cooperation has maintained steady and healthy development in the first six months," said MOC official Han Yong.

"Colin Huang has created a world first, making billion since founding Pinduoduo just four years ago. Nobody in the world has ever made that much from a standing start," said Hoogewerf.

"China's reform and opening-up started with the coastal area. East China got into international trade and resources allocation earlier than the other regions, and thus had the first mover advantage to attract foreign investment and develop industrial chains," said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

"Chinese companies need to join forces in overseas expansion, and beef up their respective advantages. They should keep away from vicious competition," he added, referring specially to a previous irrational investment frenzy.

"Currently in China, AI is transforming traditional industries. However, the process has faced huge bottlenecks due to the lack of talents in the country," said Kaifu-Lee, chairman and CEO of Sinovation Ventures, the initiator of DeeCamp.