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"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."

"But we should not forget China remains an attractive market-with a large and skilled labor force, efficient infrastructure and deep integration into global value chains. It is an increasingly attractive market that all producers aim to capture."

"China has been the only country that is able to manufacture a wide range of industrial products. In fact, China was the world's largest manufacturing country for over 220 out of 500 kinds of major industrial products," he said.

"China is a big place, and adding (China) capability seems to be the opposite of creating a more focused business. To deliver service in such a huge country, a non-indigenous telco needs boots on the ground, which both their existing partners can provide, but BT by itself will be unable to do this for quite some time."

"But we chose to do it because selling online has increased farmers' incomes by enabling them to reduce overhead costs and sell agricultural products to more people without traveling far."