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Another joint report by the NCUSCR and the Rhodium Group says Chinese companies invested a record billion in the United States in 2016, a tenfold increase compared to just five years ago, while US FDI in China was kept at a steady annual amount of billion.

Another defendant, 22-year-old Andrew Yiu Tsz-ho, appeared in court together with Cheong. He was arrested in the same station with Cheong and was charged with the possession of offensive weapon in public place. The offense is liable to imprisonment for up to three years.

Apart from the salary cut for the delivery unit, JD is seeing a round of shake-ups on its management team. Following recent resignations of its chief technology officer Zhang Chen and chief legal officer Long Yu, the tech giant announced last week that Lan Ye, its chief public affairs officer, would be leaving his post for "personal and family reasons" on May 31.

Any attempt to pressure China or undermine China's sovereignty, security and development interests will not succeed, Wang added.

Another report released by Google and Chinese gaming database Gamma Data Corp showed that the revenue generated by Chinese mobile game companies only accounts for 15.8 percent of the total overseas market, leaving huge room for growth.