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Analysts said amendments to current policies may help ease the pressure on Chinese parents to buy strategically located but ordinary properties at premium prices.

Analyst Xiong Ran said that some service providers and platforms failed to abide by the non-disclosure agreement in user protocols and sold users' information to others, while some users ignored ways to protect their information.

Analysts in Washington and beyond expressed their cautious optimism about a fresh round of trade talks between China and the US — at the vice-ministerial level, as Wall Street reacted positively on Thursday to the news.

An unidentified analyst with Haitong Securities told Securities Daily that there is a great possibility that China's largest coal miner Shenhua Group and energy producer China Guodian Corp will merge.

Analysts said the disappointing results were largely driven by a switch in consumer behavior from buying games at retail to purchasing them digitally for the new consoles, as well as, playing games on mobile devices instead of buying used titles for the Xbox 360 and PlayStation 3.