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Andrew Cohen in New York and agencies contributed to this story.

Analysts said Alibaba's profit may have dropped due to the group's diversification that required investments in new business segments like media, entertainment and cloud computing.

And for sellers, the standardized barcode system will help streamline inventory management, operations and logistics.

And the automotive industry, a core industry in Europe, has made enormous profits and gained amazing opportunities in the Chinese market.

Andrew Carley, EVP global licensing, family and brands at Entertainment One said “the accelerating popularity of Peppa Pig in China is testament to the brand’s universal appeal and shows us what incredible growth is possible when the Chinese market gets behind a brand.”