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As a consumer goods company, we are riding on the waves of consumption diversification to satisfy consumers' increasingly demanding lifestyles, and we are committed to bringing the most aspirational brands and products, as well as superior innovation to Chinese consumers.

As he put it, reform has set China on a rapid course of development. Penaranda mentioned China's progress in e-commerce, mobile payments and the pioneering high-speed railways in particular. All these have changed people's lives at home and also impacted those in the close vicinity of China, such as the Philippines, he said.

As a tour guide at the National Museum of China, Yuan Shuo has become popular since he started providing knowledge about the exhibits in his own style, under the online name "Hesenbao". Yuan has more than 3.84 million followers on Sina Weibo, China's Twitter-like platform, and he has presented four paid lectures on Zhihu, a Chinese knowledge-sharing website, with one such talk attracting 8,470 people.

As a result, "we are now watching in real-time as a dramatic uptick in COVID-19 cases is erasing our hard-won gains".

As bigger rivals compete for a foothold in primary locations across Beijing and Shanghai, Hellobike has had a head start by deploying in the once untapped second- and third-tier cities. Now about 72 percent of China's bike-sharing users are from China's second-and lower-tier cities, consultancy Trustdata said.