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Analysts said that concerns about the virus have faded in the absence of immediate signs that the disruption to businesses in China could affect other nations.

Analysts said such cooperation is in line with Huawei's overall strategy to build a smart internet of things ecosystem. HarmonyOS is built as a system for IoT — not just for smartphones. The wider use of the system in third-party companies showcases its popularity, analysts added.

And household upgrades are just the start of it－the center showcases myriad technologies that will be enhanced or made possible by 5G, including remotely piloted flying robots, driverless vehicles, augmented reality entertainment systems, virtual reality healthcare solutions, and smart manufacturing.

And the company is continuing to grow－China accounted for 14 percent of the company's global turnover of billion in 2017, up by 12 percent from the previous year.

Analysts expect that the industry will continue the upward trend this year, thanks to support policies from the government and robust demand for health insurance and endowment insurance products.