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"China is a top priority for Mars globally," Delabriere said. "Mars is committed in investing in China for the longer term and the investment will keep on good momentum.

"China market is vast and fast changing and there is still a lot of space for new comers if they are able to differentiate and win through either efficiency or better customer experience," he added.

"But they will again face the challenge of overcapacity this year," said Dong.

"But we need to pay attention to the side effects of financial policies and prevent any effect from the COVID-19 pandemic," he said. "The total financial support measures should be appropriate, but it is also necessary to consider in advance a good timing for an exit of the policy tools."

"China continues to be a key priority for Airbnb. We believe that we will continue to develop strongly in this market."