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And I wasn't the only one bowled over by Chinese innovations. Plenty of industry attendees were wowed as well.

And computers have difficulty distinguishing between defects that are easily resolved, like dust or fingerprints, from serious ones like cracks or nicks, "because to a computer camera, they look very similar," he said.

And the company is losing customers too. Blue Apron’s decision to cut marketing spending by .1 million in the quarter played a role in the 9 percent reduction of its customer base this quarter to 943,000 down from about 1 million customers last quarter.

An online influencer introduces cosmetic products to customers through Taobao's livestreaming platform at a shopping mall in Xi'an, capital of Shaanxi province, on Wednesday. [Photo/Xinhua]

Analysts have highlighted the need for private and foreign capital to boost investment as local governments, facing a funding gap of trillions of yuan, look for ways to spur big construction projects.