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Analysts say in China there is a high level of interest in consulting services across investment, operations, management, human resources and security.

Andrew McAfee, principal research scientist at the Massachusetts Institute of Technology (MIT), best-selling author and co-founder of MIT's Initiative on the Digital Economy, said major developments in data, algorithms, networks, cloud, and digital hardware have unleashed a wave of innovation that is "rewriting the business playbook" in his keynote address.

Analysts said the price would likely start a losing streak after staying flat for weeks.

And while Amazon Web Services is the industry leader today — posting a whopping 1 million in operating income on revenue of .8 billion last quarter — Meeks seems to like the opportunity in front of Microsoft (at least in terms of potential upside for the stock).

Analysts said the modem is designed to compete with the US chip giant Qualcomm Inc's X50 modem in performance. Huawei underlined that it will not sell Balong 5000 as a standalone product, but just use it in its own smartphones.