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Analysts said that the Chinese smartphone market is expected to see a restructuring as smartphone consumption slows down, with almost all Chinese people owning at least one mobile phone.

Andy Zhang, senior project manager at global consultancy Roland Berger, said that convenience stores in China are increasing their proportion of ready-to-eat food to meet increasing market demand. Some leading Japanese chains in China report that 35 to 40 percent of their sales are ready-to-eat food.

Analysts say their arrivals will lure some potential customers away from startups including Tesla because the majority of Chinese customers are more inclined to choose long-established brands.

And he is intent on bringing his distinct vision and leadership style - more about that in a bit - drive the company's efforts to grow globally by first shining in China.

An original Cantonese Opera show, Farewell My Concubine, performed by the Xiqu Center of West Kowloon Cultural District and produced by Chung, will be staged from April 20 and 21 at Tianqiao Performing Arts Center as part of the festival.