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"By the end of last year, dealers had an average stock of two months," said Chen. Usually, the stock would be deemed unhealthy if it's more than 1.5 months of sales. Chen said the primary task for vehicle makers in the coming months would be to ensure reasonable stocks.

"Causing damage to mobile phone networks can cut vital connectivity, risking serious harm, even death, if a person is unable to contact Triple Zero."

"China is the world's second-largest luxury market, and we are delighted to have such a respected partner. This partnership addresses the market's challenges by combining the Farfetch brand and curation with the scale and influence of the foremost Chinese e-commerce giant," said Jose Neves, CEO of Farfetch, which raised 0 million in 2016 in a Series F round of funding.

"China is a huge automobile market for the company, and more and more Chinese consumers are upgrading, with a faster frequency, their conventional vehicles to new ones, which are characterized by new energy power, high safety and a comfortable internal environment," Qi said, adding the company is fully commitment to the China's auto market.

"But whether Douyin can maintain this success remains a question, as youngsters' interests can change quickly. It depends on how the platform is going to operate in the long term," he said.