Nearly 80 percent of Ximalaya users are under the age of 40, whereas more than half of them reside in China's relatively affluent first- and second-tier cities, the company said.

"We are continually innovating and know customers are looking to protect their data across multi-cloud environments to ensure every piece of data and workload is safe, secure and easily recoverable no matter where they reside," he added.

"Currently, about half of China's 1.3 billion citizens reside in rural areas.

Some 60 percent of Douyin users are women, and about 70 percent of them reside in China's top-tier cities.

About 85.5 percent of the company's registered users reside in non-first-tier cities, with about 61.5 percent of new-paying WeChat users coming from third-tier or below cities – an increase of 55.7 percent over the same period in 2018.

"It will include houses to reside, parks to entertain, medical system to ensure health and museums to educate and inspire.

In addition, 60 percent of people in these regions own their homes and 30 percent reside in their parents' homes, leaving only around 6 percent opting for rental properties.

Its vice-president, Jeffery Liu, said China has always been a strategic market for Corning, which sees huge growth potential in the Chinese market, given the large population of middle-income groups who reside mostly in urban areas.

Outside the province, more than six million Zhejiang business people live across China and two million more reside overseas.

Its mobile app in September launched delivery services targeting consumers nationwide in order to reach more buyers who reside in cities where there are still no Sam's Club stores.

"When it comes to improving payments, what you are really doing is to remove the frictions that reside mostly in financial institutions, for example, compliance, reconciliation, checks, documents, to ensure the payment is secure and accurate.

More than 4,000 Chinese firms operate in the UAE where over 300,000 Chinese citizens reside in.