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"Going overseas always brings challenges, particularly from a cultural prospective. Running a business in less familiar economies requires us to know the local culture, work with the locals, gain a thorough understanding of the legal environment, regulations and laws," said Lu.

"Fusing that through our IoT (internet of things) platform Honeywell Sentience means giving more power to the Chinese consumer, as you cannot force restaurants to clean their air by regulation, but real data does not lie."

"Fresh food is the most demanding category in e-commerce, and covers a range of fields including logistics, finance and users operation. But at the same time, it has huge market potential," said Lyu Haoze, an analyst of China E-Commerce Research Center.

"Fresh produce tends to become more important, benefiting retailers that offer a compelling fresh assortment at keen prices in the most trying circumstances (and beyond)," he said.

"For the next stage, Shanghai will continue to pull strengths to develop six key industrial clusters, including autonomous driving, robots and smart chips, optimize industrial outlay throughout the city, and foster 20 leading enterprises to help the city join the global AI league by 2025," he said.