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"For a company to succeed, we need to find out what exactly people want. African users like selfies, multiple phone card slots, enabling local language, stable music function and longer battery life," he said.

"From an economic perspective, a trade war would be a 'lose-lose scenario' and negotiation is the preferred approach to reach a 'win-win' outcome", said Zhu Haibin, chief China economist and head of China equity strategy at JPMorgan. "Investors believe there is still room for negotiation between the two sides."

"Given Malaysian companies capacity, we can work together to support infrastructure in neighboring countries or other parts of the world," he said.

"Furthermore, China believes in reciprocity. For example, instead of withdrawing from the WHO (World Health Organization), China has prioritized reciprocal cooperation with other countries in developing a vaccine for COVID-19," he said.

"For a startup brand like Yeelight, working with international behemoths with a large user base and huge market appeal will make us better known more rapidly," he said.