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Analysts said the acceleration in profits in July was mainly due to government measures to boost resumption of work and production across the whole industrial chain at a faster pace, as well as a rebound in production and sales. They expected the rising demand will continue to boost industrial profit growth in the next few months.

An online marathon?

Analysts said such cooperation is in line with Huawei's overall strategy to build a smart internet of things ecosystem. HarmonyOS is built as a system for IoT — not just for smartphones. The wider use of the system in third-party companies showcases its popularity, analysts added.

Analysts believe that Alexa’s skills will pay off for Amazon. A?recent analysts from RBC Capital Markets?estimated that sales of Alexa devices could hit billion by 2020, with another billion in annual revenue predicted to come from shopping done via the voice assistant.

Analysts have said that the overly concentrated ownership could lead to market inefficiencies, resulting in unreasonably high prices for end users.