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"By fostering a close relationship between merchants and consumers through original content marketing, we aim to become the bridge and first stop for international brands entering China," said Xiong Jian, general manager of Xiaohongshu's public policy department.

"China has one of the most vibrant venture capital and startup markets in the world," Thurston said, noting that the country's thriving technology, internet and e-commerce industries offer a fertile investment environment.

"But most importantly, enterprises should improve their capability of protecting their own IPR," he added.

"By joining hands with Brilliance China, Renault aims to become a major LCV player in China.

"China is in the international spotlight," said Yan Mei, Brunswick Group's senior partner in China. "Despite current geopolitical and commercial tensions, Chinese companies are still looking overseas to grow their markets."