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"Companies are looking to reduce costs and rejig equity structure, along with an expanded focus on innovation-led development and structural upgrade."

"Compared with 10 years ago, startup founders today tend to have a global perspective. So they are willing to learn what's happening outside the US," said Zhang. "A great company in the future must be a globalized one."

"Creative products of museums have largely been a foreign concept and do not have a long history in China. Though many museums and galleries have been selling and developing products, they were more like souvenirs and not real cultural products," said Gao Yang, head of the art innovation center of the National Art Museum of China.

"Compared to the Western consumers, Chinese people have shown a higher acceptance of new products and technologies. It is for sure that high-end and technology-enabled kitchen products will promise sustained growth in China. It is one of the major reasons that we will make high-end tailor-made products as the main product line here in the future," said Maeck.

"Clients including cross-border e-commerce and other export-focused companies are growing at a double-digit rate. We hope their strong momentum can also be reflected in our own business," Lin said.