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"China's success, especially economically, would not have been possible without the accompanying process of globalization, which accelerated in the last half-century," said Li Yong, director-general of the UN Industrial Development Organization.

"Convenient payment services sound simple, but they can encourage immense spending growth," said Alexander Yin, chief financial officer at TGC, the parent company of ePassi, the Finnish payment terminal provider that works in partnership with Alipay.

"Chinese enterprises are actively involved in the construction of major national strategies in Egypt, including the development of the Suez Canal Economic Zone," he added.

"Chinese retailers look for brands that are well placed to expand into their own growing markets where an influential, well-connected name can help to open doors with mall owners, landlords etc, that can be promoted to quickly appeal to shoppers," said McKeever. "As this owner was already familiar with the brand…that knowledge and expertise augers well. Given the rate of expansion in Chinese malls this would seem an ideal opportunity and great fit."

"Currently, we especially target small and medium-sized companies, which account for around 70 percent of the total domestic firms, aiming to help them reduce the costs on operation and IT spending."