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Apart from offline promotional activities, Carol Ong, founder of the company, also set up an online sales channel on mini program, a sub-application built within China's social networking giant WeChat, to solicit more business opportunities.

Apart from sending out chartered transport for workers, local governments are offering subsidies to related human resource departments and enterprises who expand recruitment.

Another reason for the decline was the drop in shopping for resale, or "Daigou", where individuals buy items overseas and sell them in China by charging commission.

Apart from East China where the sector is flourishing, Southwest China's Sichuan and Guizhou provinces and Chongqing municipality are expected to be front-runners for new growth, according to the report.

Ant Financial Services Group, Alibaba's financial arm, also struck deals earlier this year to back Pakistan's fintech firm Telenor Microfinance Bank, as well as team up with Bangladesh's payment platform bKash.