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"Government and big market players like Tencent, Alibaba, Baidu and Ping An do not just talk the talk, but they walk the walk. The major new technologies are not concepts on paper. Millions of people across the country are actually using them," Atzmon said.

"For established ones, the problem is how to brace themselves for the future, and for startups it is how to realize their blueprints."

"For the past years, when we talk about the speed of smartphones, we are thinking about hardware. Yet the improvement in hardware has reached a bottleneck; even when the processing speed doubled, it brought negligible differences of fractions of seconds to users.

"From a pure sport, skiing has become a comprehensive travel experience. It comprises admission tickets, hotels, training, snow museum visits and delicacy savoring," said Song Yawen, director of themed tours at Qunar.

"Growth of mobile payment tools is faster than that of any other payment models. The trend indicates that mobile payments will become the mainstream payment model across China in the near future," said Zhou Yuedong, vice-president of the credit card division of ICBC, the country's largest lender.