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"Diabetes has become more common across China," said Zhang Yuxin, a professor at the School of Public Health, China Medical University, Shenyang, Liaoning province.

"Didi's intensified overseas efforts, including this fresh fundraising, will no doubt pose a great threat to Uber. Uber's valuation is shrinking due to its operation problems while we witness Didi is ascending in overseas markets through cooperating with local partners," Zhang added. In the past few years, Didi Chuxing has been pushing its overseas presence rapidly with investments in several of Uber's rivals globally, including US-based Lyft, Brazil-based 99, India's Ola, Singapore-headquartered Grab, Estonia's Taxify and Careem in the Middle East. It also ended the battle with Uber in the Chinese market last year by acquiring Uber's local business.

"Digitalization has changed businesses in various ways," he said. "We are seeing some businesses disappear or evolve over time, but in the meantime the creation of new brands and types of operational modes are pushing some traditional roles out of the market."

"During this process, both companies are working together to improve. Volvo mainly helped Geely to improve quality and research and development while Geely helped Volvo in things like cost management."

"Cutting the RRR is the best way in the current situation to reduce actual bank lending rates as it may increase the supply of low-cost funds for banks" and then increase credit especially for small and medium-sized companies, according to Lu.