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"Digitalization is a key driver and enabler of transformation for companies in the Chinese market. It has become one of our largest markets globally," said Michael Dell, founder, chairman and CEO of Dell Technologies, at the company's tech summit in China in October.

"Everybody left and they shouldn't have left. Unfortunately, because we need many hands here to work," said Rhonda Hull, a lawyer, standing near the water's edge and its shredded palm trees.

"Every single company at the board level needs to consider the ESG risks, they need to tell the investors how they will manage the ESG risks and how they will be mitigated, as well as the plans and targets," said Ng.

"Deliberate violence", said the Greek philosopher Heraclitus, "is more to be quenched than a fire."

"Everyone in the industry seems to be anxious at the moment. Each time there is news about a scandal or a business shutdown, it is a blow to investors' confidence. A single case could lead to a chain reaction that causes liquidity risks for platforms including well-established ones," said an executive of an online lending platform who asked not to be identified.