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Apart from ordering takeouts, Chinese consumers are tending to buy fruit, vegetables, rice, cooking oil, salt, flower, medicines and other necessities from online food delivery platforms since the COVID-19 outbreak, according to a report released by Ele.me and Koubei, the China Hotel Association and research company CBNData.

Another reason for the foreign investment growth is the acceleration of the reform and opening-up of the Chinese financial market. Pang Ming said, with the advancement of the country's reform and opening-up, further refinement in the financial market system, and better connections with international financial market rules, overseas investors have increasingly recognized the rising degree of openness in the Chinese capital market.

Another reason, according to Li Renjian from CITIC Capital, is that the use of advanced internet technologies including big data and artificial intelligence has boosted the competitiveness of the whole sector.

Anker Innovations, a Changsha-based smartphone accessories company that few Chinese have heard of, recently outcompeted big-name giants including Tencent Holdings Ltd and Bank of China to grab the 10th place among the Top 50 BrandZ Chinese Global Brand Builders.

Another thing I understand about niche brands and consumers is that consumers are drawn to them because of their stories. And that's why it's really important for us to always tell the story of Pitera.