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"Customization is on the rise," said Liu Zijun, a senior consultant at Ximan Color, an arts institute in Beijing. "Now, consumers want better and more personalized services as they have more money to spend on things over and above their basic needs."

"Chinese mothers are increasingly becoming aware of health and wellness after the pandemic and are looking for products with proven health and immunity benefits," said Ryan.

"Considering our current operation status, we are able to complete and may even exceed our global expansion goal of 200 cities," said Chris Martin, Mobike vice-president and head of its overseas expansion business. Much of that expansion will be domestic, but he said Mobike will cover more countries in the second half of the year.

"Content startups are no longer limited to the elites. It is encouraging to see more people explore the market of traditional cultures," said Zhao Zizhong, dean of the New Media Institute with Communication University of China.

"China will soon officially launch virtual network services, and we welcome foreign companies to join the industry," MIIT said.