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"Children's mathematical thinking training is a market with great potential and Huohua will take further moves to tap the trend," Luo said.

"China goes far ahead of the rest of the world in customer-oriented digital environment, with a huge amount of user data accumulated, and lags behind leading economies in the business-oriented digital environment, such as the manufacturing and supply chain," said Zhou Jieqi, a partner of EY Parthenon Transaction Advisory Services.

"But this is a long-term play that will take perhaps a decade or longer before the appropriate infrastructure is in place and the cost-per-energy-unit is reduced to a level which is competitive with other forms of energies," he added.

"China is a promising market and it is set to be the world's largest retail market this year, and there is a clear need for a solution that enables brands to hone their in-store execution and increase their margins," said Dror Feldheim, Trax's co-founder.

"China ... has an extraordinary market. If a company wants to be a global player, it has to go to China. Apex's role is to facilitate these ventures," the trade expert said.