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Ant Financial of Alibaba invested 833 million yuan for a 51 percent stake in Cathay Insurance, a Taiwan-based property insurance company in July 2016.

Another new industry that's driven by digital payment is the sharing economy. It appears that the onset of the sharing economy has made Airbnb — a home rental portal — a competitor for regular hotels.

Anton's views were echoed by Aldo de Pape, founder of the London-based Teach Pitch, an educational technology company and member of the Silk Ventures accelerator. "The connections Silk Ventures helped us establish in China was instrumental to our growth," said de Pape.

Another unique aspect of Amazon Books: There are no price tags. Customers can either scan the book at a kiosk or use Amazon’s app to find out how much each product is; prices are identical to?those on Amazon.com.

Apart from economic incentives, Suzhou Industrial Park has connected the company with a number of local universities, including Soochow University, Xi'an Jiaotong University Suzhou Academy and Xi'an Jiaotong-Liverpool University, Gong added.