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Another contributor is the food delivery companies scrambling to keep up with new business. Deliveroo, Foodpanda and UberEats are giving out coupons — sometimes even waving delivery charges — to grab a bigger share of this booming market.

Ant Financial, hailed as the mainland's biggest unicorn with an estimated valuation of more than billion, is considering going public in the mainland or Hong Kong.

Another noticeable trend is that a growing number of private companies are going global and they are increasingly taking the lead in technology innovation, whether domestically or internationally. Apart from serving their European clients, China's private companies are leading some big changes in their industries after they expanded into Europe, he said.

Any building, be it a skyscraper or something more modest, depends on solid foundations. What is not seen is as important as the steel, concrete, bricks and mortar on view. Architects, too, depend on fundamentals, the cornerstone of their philosophy. Buildings are more than just walls and roofs. They must represent and identify with the culture they belong to.

Apart from industrial information sharing, government officials were present to give participants hints on the latest trends and regulation policies in China.