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Another Roots Plus group returned from China last month and a Roots group (for young adults aged between 18 and 30) of 11 people will make a journey west in June, said Owyang.

Another noticeable trend is that a growing number of private companies are going global and they are increasingly taking the lead in technology innovation, whether domestically or internationally. Apart from serving their European clients, China's private companies are leading some big changes in their industries after they expanded into Europe, he said.

Another positive factor in launches from the equator is that no technical maneuvers are needed to fix the satellite's orbit once it enters space, Boswell said.

Apart from being good news for Hulu Plus subscribers who have pre-ordered a Kindle Fire, the news is notable because Amazon is counting in part on revenue from its Amazon Prime subscription service — which offers Instant Video streaming movies, among other perks — to recoup its losses on the Kindle Fire hardware and make money overall.

Another Chinese smartphone maker Oppo said the market demand is not as pessimistic as many had expected.