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"For me, my 18th birthday marks the end of adolescence and start of independence," he says.

"For example, generally Chinese consumers don't want to wait for too long," he said, adding that Chinese retail companies were more engaged with the consumer, and thus were able to provide better and faster service. "If you want to pay, you take your phone and use WeChat (the online payment portal) and you can finish your shopping in an hour."

"For us, we must emphasize both retail shops and online sales. Our efficiency is greatly improved and costs greatly reduced by taking advantage of online livestreaming tools," he said.

"For those of us who follow CFIUS on a regular basis, we're very surprised to see the executive order related to TikTok," said Justin Huff, former deputy director of the investment security office at the Treasury Department.

"Given the current complexity of geopolitics, countries are becoming more isolated and conservative due to the COVID-19 pandemic and economic downturns. Meanwhile, we see politics standing in the way of technological advances."