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"By virtue of the number of people who log onto WeChat, they have the largest music app in China in QQ Music, the biggest news app QQ News …and the list goes on and on."

"China is serious about further opening up and building stronger economic and trade ties with Africa," said Mark Greeven, professor of strategy and innovation at the Switzerland-based International Institute for Management Development. "While a lot of countries, especially the developed economies, are mainly focused on other parts like Europe and the United States, China seeks opportunities in emerging nations in Africa, something that will help Africa's inclusion in global trade routes."

"China has about 1.6 billion smartphones in use, (with some users having more than one smartphone), and the database is very large and covering almost every corner of the country," Liu said.

"China has the potential to be our second-largest and even the largest market, given the sheer size of the personal care market, "Arya told China Daily in a recent interview. The company's China business is currently worth 1 billion yuan (5 million) and ranks third after India and Malaysia.

"But today the tables are turned. The best domestic banks in China actually have better capabilities and more skills than the international banks in their consumer banking units here in China. So we are going back and learning from the domestic banks about how they evolve their business models here, how they partner with some of the most advanced fintech companies in China, and how they are redesigning customer experiences and customer journeys through their mobile and online platforms," he said.