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Analysts attributed the IPO surge of Chinese tech firms to vibrant web-based industries. Innovations powered by internet technology are springing up and the group of tech-savvy young consumers is growing rapidly.

And, he's not far off the mark. It was indeed Xu's curiosity for knowledge and success that prompted him to set off on his US expedition more than a decade ago.

Analysts were so surprised by the result that one, Mark Mahaney of RBC Capital Markets, jokingly asked on Amazon’s earnings conference call if Bezos was aware of the size of the company’s profits. The Amazon founder is notorious for running the company on razor-thin profit margins, at best, preferring to plow profits back into strategic initiatives to drive long-term growth.

Analysts expect PetroChina, Sinopec, CNOOC to maintain income growth

And Huawei will also build five global developer service centers in Romania, Russia, Egypt, Mexico and Malaysia, which will be designed to better help global developers enter these markets through localized organizations and platforms, Wang said.