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"But the competition will be even more fierce than in shared-bikes," he told a forum organized by US tech media TechCrunch on June 19 in Shenzhen. He said the winners in the battle would emerge in about half a year.

"China has strong internet presence with well-known players such as Baidu, Alibaba and Tencent. In comparison, Singaporean companies excel in business-to-business technologies, and have good solutions in finance, transportation and logistics," Tan said on the sidelines of the ongoing 2018 Smart China Expo, one of the largest information communication technology events the Chinese government has organized.

"China boasts advantages in technologies of exploring conventional oil and natural gas but lags behind some foreign counterparts in unconventional exploration," Lin said. "It is, therefore, necessary to promote international cooperation in the unconventional sphere."

"But now, it has become a signature event for the ancient village and brings in real money for the villagers."

"But the making of an influencer is hardly quantifiable ... The success (of the business) can at times be simply a matter of luck," said Li.