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"Coupa is focusing on building a platform to enable companies to spend smarter. On the other side, KPMG focuses on implementation services. And we have a deep understanding of the industry-related business process and procurement processes globally, but also in China", said Michael Seitz, a partner at KPMG China.

"Cities are vying for talent because people don't frequently change cities and jobs. Slow movers will likely miss a great future if they don't make the most of the current opportunities," said Lian Tao, co-founder of Xiaozhu, a Chinese homesharing platform.

"Cultural companies were absent from the IPO deals in the TMT sector, indicating the sector's development is imbalanced. But with the new guideline, it can be predicted that there will be more cultural companies going public in 2019," said Wang.

"Companies have the same possibilities of success as long as they really want to do it, and it does not have too much to do with the fact that they are startups or established," Yu said.

"China will briskly foster new growth drivers, improve technological innovation, push for upgrades of traditional sectors, and foster innovative, leading businesses," according to a statement of the key meeting.