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"Due to the weakening of the dollar, traders have opted to sell their dollar holdings recently, pushing up the yuan," said Xiao Lisheng, an economist at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences.

"Digitalization has changed businesses in various ways," he said. "We are seeing some businesses disappear or evolve over time, but in the meantime the creation of new brands and types of operational modes are pushing some traditional roles out of the market."

"Female users now account for 81 percent of our total users, among which 61 percent are aged between 18 and 30," Wu explained.

"Emerging markets are hungry for trade opportunities, infrastructure improvement, appliances and electronics," said Han Guomin, chairman of COSCO Shipping Specialized Carriers.

"Even though we are starting to branch out to bigger areas, at a core, we are still a small, close-knit community - the majority have gone to school with each other. People who grow up here have become teachers, families know each other," he said.