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"Compared to the downturn seen in smartphone demand and many other segments in the first six months due to the devastation caused by COVID-19, smartwatches remain a popular consumer device segment," said Sujeong Lim, senior analyst at Counterpoint Research.

"Companies are resuming operations and the government is rolling out favorable measures, so customers' confidence has been further boosted," Chen said.

"Chinese companies listing in the US can have unparalleled access to knowledge capital in the US market, a market where investors are aware of the intrinsic value. Enterprises will continue to evaluate each market based on its unique characteristics to find the best fit for them," Giglio said.

"Criminals today are using more complicated methods and becoming better hidden, which adds more difficulties to our investigation," Chen said.

"Construction on our production facility started on April 15, 2019 and a plant of 3,600 square meters was completed on March 30 this year,"Peng said.