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"From day one we have not ruled out the possibility of delving into other realms using AI. But English learning is the one area that we would like to focus on right now," Wang said.

"Foreign models no longer enjoy an absolute advantage over their Chinese counterparts. The line between foreign and domestic models is not so obvious anymore," said Zheng Yi, president of Esee Model Management in Shanghai, one of the largest modeling agencies in China.

"Following years of opening up and reforms, China's competence in the financial sector has been significantly improved and is able to face more competition from the global market," said Wang Jun, chief economist with Zhong Yuan Bank, a commercial lender based in Zhengzhou, Henan province.

"For them it is not a matter of science; it's an ideological issue. No amount of scientific evidence will change this."

"For instance, I am impressed by how an app like Didi is seamlessly integrated with WeChat and makes travel in China so easy," he said.