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Apart from China, the firm's cycles can be found in Singapore, Malaysia, Thailand, South Korea, Japan, England, Italy and the United States. Last month, it announced its operations in Berlin, Germany.

Apart from subtle enhancements in life, internet has taken on more noble undertakings. Companies help farmers peddle their produce through e-commerce platforms and predict sales using algorithms and data analytics. Alibaba said 33 million people have thus become self-employed using its platforms, which is in line with the broad national goal of poverty reduction.

Another noted trend is that Alibaba's sales and marketing budget climbed 90 percent in the last quarter of 2017, significantly higher than the 42 percent growth rate for research and development.

Another 33 unicorn companies, those valued at billion or more and not yet listed, were added to the unicorn list in the first quarter in China, according to a report by the Hurun Research Institute.

Another problem facing farmers is the lack of technological support, which is crucial to boosting agricultural productivity and rural revenues and ensuring national food security.