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"But these are not normal times," he said.

"China first and the rest of the world next," Glaser said explaining the company's overall strategy. "The primary market for our new products is in China and then we will take it as a starting point to expand our businesses to other parts of the world."

"Carmakers and IT companies are pushing back the frontiers of their business, moving in the direction to become comprehensive service providers," China Business News quoted independent analyst Zhang Zhiyong as saying.

"By next year, China's online spending will be greater than the rest of the world combined. At Alibaba, we want to help you take advantage of this appetite for consumption through our e-commerce marketplaces," he said, referring to the slew of online shopping portals under its brand.

"Can the Chinese model be completely copied? We certainly see that China actually has a lot of experience worth emulating … but when studying the experience of China in this outbreak, we must also pay attention to the national conditions of each country," he said.