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Andy Cosslett, Kingfisher chairman, praised Garnier's international experience, his recognized operational know-how at a multi-national retail business, his delivery of long-term value creation, and his experience in driving digital innovation, most recently in China.

Angle said the company is mainly focusing on the premium segment, "We've been the leader in the over RMB 3,000 (7) premium robotic vacuuming cleaner market."

An unmanned harvester harvests rice in Waigang township of Shanghai. [Photo/CCTV]

Analysts said technologies will help to handle risk exposure amid rising fintech adoption around the world, and regulation will also take advantage of technologies in the sector.

An urban air mobility or UAM project is expected to make the Chinese innovation hub, renowned for its "Shenzhen speed", even faster.