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"Chinese automakers need to conduct thorough research into the legal framework of the target markets to secure legitimacy while lowering legal risks," said Qiu Yiqing, deputy general manager of Geely.

"China was the country's biggest source of imports with 15.3 percent share in March 2018. Import payments to China stood at .24 billion, posting a decrease of 12.0 percent from .41 billion in March 2017," the PSA said in a statement.

"Consumer goods that are produced by enterprises with a medical background are gaining popularity as they give consumers an impression of hygiene, health and professionalism. Pharmaceutical companies' own medical attributes naturally give the companies a halo, and consumers are more likely to have a nice impression of their products," Jin said.

"Chinese commodities, services and brands of the past represent quality, the Chinese spirit and creation of China," said Ma Qiji, a media researcher at Peking University. "It's a necessary attempt to bring new life to those brands with digital methods."

"Co-branding is just the first step for sustainable development of Chinese toy companies and it's more important to have their own brands in international market, "said Tong.