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Andy Cosslett, Kingfisher chairman, praised Garnier's international experience, his recognized operational know-how at a multi-national retail business, his delivery of long-term value creation, and his experience in driving digital innovation, most recently in China.

An online shopper uses the Pinduoduo app on his smartphone in Ji'nan city, East China's Shandong province, on June 28, 2018. [Photo/IC]

And where’s the Windows Phone app? A provision of the partnership agreement calls for Barnes & Noble to develop a Nook app for Microsoft’s smartphone platform. The agreement gives a specific timeframe for the development of the mobile app, but that’s one of the details redacted from the public version of the contract, so it’s not clear if the original deadline has been missed.

And yet for all that, more than 80 percent of the surveyed said they would like to become a vlogger someday.

Analysts and fund managers remained bullish in their long-term outlook on Chinese stocks, citing favorable factors including rising foreign interest along with the opening of the country's capital markets, potential opportunities related to the reform of State-owned enterprises, and the consumption potential of the Chinese people.