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"Despite my round and young face, deep down, I feel I'm one of the many middle-aged men who struggle to run their small or micro businesses," he said.

"Everyone can look to me as an example of how women can be successful business executives," she said at the Project Sunshine 15th Annual Benefit Celebration in New York on Thursday. "BYD is a very good example of a solution for the trade issue."

"Embracing the digital transformation, we need new application solutions and smart ones. As traditional software vendors can hardly meet the new demands, we are on the same starting line," Yang said at a recent interview with the media during Lenovo Tech World 2019. "As long as we firmly step up our efforts, we Chinese companies will be able to be at the forefront in the emerging fields."

"Didi's intensified overseas efforts, including this fresh fundraising, will no doubt pose a great threat to Uber. Uber's valuation is shrinking due to its operation problems while we witness Didi is ascending in overseas markets through cooperating with local partners," Zhang added. In the past few years, Didi Chuxing has been pushing its overseas presence rapidly with investments in several of Uber's rivals globally, including US-based Lyft, Brazil-based 99, India's Ola, Singapore-headquartered Grab, Estonia's Taxify and Careem in the Middle East. It also ended the battle with Uber in the Chinese market last year by acquiring Uber's local business.

"Discount offers are necessary to expand Alibaba's cloud market share ... It also needs further spending to fill out its original content offerings," Ella Ji, an analyst at China Renaissance Securities US Inc, wrote in a research note in April.