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"Entering a new era of big data, cybersecurity will become as important as money, and online data will become a key target for criminals and hackers," Qi said.

"Dynamic economies can promote the flow of people and goods. If someone tries to impede the flow, he is blocking the development of economies and society, which is against the historical trend and objective laws," he said.

"Doing so would be a test for the all-round international capability and experience of Chinese e-commerce companies. It is a tough journey, but certainly the next breakthrough milestone for many of these firms."

"Even coming to the hall to process the procedures is much easier than before," said Li Wenpeng, who made his way to the hall to file records for his cosmetics import business.

"Even if you're not following Chinese innovation closely, Chinese innovators may come and knock on your door anywhere you are in the world and indeed lift the level of competition," Vijay Vaitheeswaran, an award-winning senior correspondent for The Economist, said at the event.