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"Developing a strategic foresight can help organisations embrace opportunities, challenge barriers and make sure we look to the future – which we can't predict for certain but we can test our assumptions now to make better decisions for tomorrow."

"Expenses cannot be reduced quickly enough and significantly enough to offset the 40 percent reduction in revenue we have experienced," he said in a statement.

"Delta has been engaged in the electric vehicle market in the Chinese mainland for more than five years. In addition to cooperating with global auto manufacturers' joint ventures here, we have also cooperated with domestic brands in manufacturing batteries, electric machinery, car charging equipment, converters and power distribution systems," Cheng noted.

"Data is the core of New Manufacturing and harnessing data insights is key to capturing new opportunities in the shift in consumer preferences for personalized rather than mass-produced goods," said Wu Xuegang, CEO of Xunxi Digital Technology Co under the Alibaba Group.

"Data collected in the used home market can better reflect the market situation compared to new home transactions that can easily be affected by policies," said Zhang Dawei, chief analyst at Centaline Property Agency Ltd.