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"Despite challenges with COVID-19, 19 out of the top 22 companies in China grew their shopper base, demonstrating there are ample growth opportunities for even the biggest players," said Jason Yu, general manager of Kantar Worldpanel Greater China.

"FedEx holds itself to a very high standard of service. FedEx will fully cooperate with any regulatory investigation into how we serve our customers," it said.

"Everybody was very active when they knew what we produce can help protect medical staff. We all feel honored for making our own contribution to the country's joint fight against the virus," the chairman said.

"E-commerce, where Alibaba holds a major presence, already hit a saturation point and in fact only accounts for less than 20 percent of China's retail market," Lu said.

"Even though the EU is exempt from the tariffs until May 1, its exports would be impaired significantly by the US measures," said Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing.