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"China's GDP growth in the first quarter of 2017 was 6.9 percent, and our growth in the first quarter was 37 percent," said Zetsche. "None of these numbers make me pessimistic."

"Clearly, this is an aggressive move by Uber to take out a competitor and further consolidate its market position," Ives said in a research report. "Especially as the COVID-19 pandemic continues to shift more of a focus to deliveries vs. ride-sharing in the near term."

"China's e-sports industry is about to witness a market boom in 2017 and the market competition will become even more intense," said Zhou Zhaoning, an analyst at IDC China.

"China's pet food market has seen more and more products in recent years to cope with the rising demand of middle-class pet owners," said Li.

"China's huge economic potential and more open financial market can be important for renminbi internationalization," Guan said.