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"China's role in VR development has been on the rise－95 percent of the world's VR equipment is produced in China, and much VR content in app stores now comes from Chinese developers," said Graylin. HTC currently accounts for 35.7 percent of the global VR headset market and about 52 percent of the market in China.

"Currently, rural areas in China are the weakest in terms of disaster prevention, mitigation and relief, "Zheng said at a news conference, citing Typhoon Lekima, the recent disaster that claimed at least 57 lives and left another 14 missing, as an example.

"Chinese people are more open to new technology, while the French like to do things the traditional way — that's why I see my product standing a bigger chance here than in France," Dessain-Gelinet told China Daily in his office at an incubator in the Hongqiao area of Shanghai.

"Companies enjoy the rich talent pool in the district, as renowned universities are located in Haizhu or the neighborhood, such as Sun Yat-sen University and South China University of Technology," Tang added.

"Convenient payment services sound simple, but they can encourage immense spending growth," said Alexander Yin, chief financial officer at TGC, the parent company of ePassi, the Finnish payment terminal provider that works in partnership with Alipay.