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"During Jim's tenure, tremendous progress has been made, especially with respect to the purchase of new fighting equipment," the president said on social media.

"Expanding to small and medium-sized cities and gaining more lower-tier markets are of strategic value and significance to both Dada-JD Daojia and merchants on the platform," said Philip Kuai, founder and CEO of Dada-JD Daojia.

"Even if it's teaching English overseas, it has a huge market spurred by rising demand from foreign-born Chinese and non-native English speakers," he added.

"Despite the supply-side structure reform (which leads to production capacity reduction), environmental protection measures (which cause factory closure and affect production) and rising financing costs (as a result of financial regulatory tightening), China's economy still rebounded which indicates that the current real economy is quite resilient," said Liu Dongliang, a senior analyst of the China Merchants Bank.

"Designers have to understand the essence of Disney's stories to better mix the characters with products," said Au-Yeung, creative vice-president of Disney in China.