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"For the most part, the ones that I fear the most for are the loyal guests that we have, [who are] particularly going to revert back to traditional cigarettes, because I know a lot of them are not ready to give up the nicotine wagon there," he added.

"Fighting counterfeits is a long-term process. We have learned a lot from the likes of Alibaba and imposed stricter fines on unlawful merchants," said Colin Huang, Pinduoduo's founder and chairman, during a media briefing last week.

"Given the private consumption in China is growing rapidly and consumer finance market in China is highly underdeveloped and under penetrated, we can certainly see great opportunity and potential for this company today and for many years to come," said Bob McCooey, Senior Vice President of Nasdaq's Listing Services unit.

"Five years ago, when everybody paid with cash, I couldn't have imagined that today China would use mobile payment on such a large scale," said Kovachich, who lives in Moscow and specializes in editing stories on Chinese economy and financial technologies.

"For many brands, including the luxury department store Harrods, it is the first time to enter the Chinese market," said Lynne Hua, managing director for The British House in China. "We think the investment climate in China is becoming more open."