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Apart from competitive markets, which can help entrepreneurs choose industries and technologies when giving full play to their comparative advantages, a company's competitive edge also requires suitable infrastructure and sound institutional environment, Lin said. That means governments should coordinate or provide relevant resources to make markets more effective.

Another industry zone, developed by China Civil Engineering Construction Cooperation in Hawassa, started operation in 2016. Berhane said that it aims to create 50,000 jobs and generate billion a year.

Another Silicon Valley company to face a security threat in the recent past was YouTube. In April, a woman opened fire at its headquarters in San Francisco, wounding three people before she shot herself dead.

Any company making more than 30,000 traditional cars in a year will need to comply with the requirement for NEV production.

Another fresh food delivery app Missfresh has seen its orders surge by 300 percent year on year during the epidemic outbreak, according to Wang Jun, CFO of the company.