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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.

Analysts pointed out that the epidemic dampened business activities and the impact of social unrest lingered.

Analysts say its slow introduction of new models was another contributing factor.

And, after getting beaten up by the public markets for years, it’s also a Wall Street darling. Today, the company’s stock is up .33, or 1.3 percent, ahead of earnings on Thursday and has been on an upwards trajectory for the past year, surging 50 percent after starting off at just under 0 a share.

An told Zhejiang Daily that he is adept at using e-commerce and social media platforms to facilitate his business. He buys samples from China's e-commerce platforms such as Taobao and displays them in a shop in Kigali, Rwanda. Then he makes bulk purchases of those items that are most popular with people there.