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"Even though COVID-19 has added a number of unstable factors to the global economy, we were able to witness China's quick recovery from the pandemic and the great resilience of its people, which makes us more confident about this market," said Zheng Dazhi, Asia-Pacific president of Bosch Thermotechnology, a German manufacturer of energy-efficient heating and hot water products.

"Data are important to enhance the effectiveness of marketing campaigns, and we believe platforms with huge customer behavior data such as Tencent and Alibaba will continue to be the largest beneficiaries from such growth," said Shi Jialong, chief analyst at China Internet & New Media at Nomura Securities Co Ltd.

"Elderly villagers were virtual prisoners here," Ma said.

"Entering the video conferencing sector, we will not offer any hardware products. Instead, we will focus on providing the platform and standard software as a services, dedicated to connecting people, devices, conference rooms and maintaining strong communications," Wu said during the launch event on Wednesday in Beijing.

"Every dollar raised will go directly to meals, schools, uniforms and healthcare," she added.