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"China is a massive market full of opportunity and potential. We will look to align store types to key commercial areas and continue to focus on the top 30 cities in China. We will also go deeper into cities that we think will constitute a major growing force," said Frankie Taylor, general manager of Crocs China.

"China has the advantage of having both the fiscal and monetary pushes to help stimulate the recovery, while most other economies that will face the same economic headwinds do not have the same level of playing cards at their disposal," Ahmad said.

"By virtue of big data and artificial intelligence, the offline stores will better capture consumers' shopping habits and preferences, and make accurate recommendations."

"China and Japan should not only be the 'anchor' but also the 'propeller' of the world economy. We should actively advocate free trade, jointly safeguard multilateralism, and contribute more to building an open world economy," he added.

"But unlike mobile applications sectors where a price war will squeeze out many startups, the smart speaker industry will always have room for players with core technologies," Li said.