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Analyst Kang Hui, however, said when fuel prices rise, home prices travel south generally. "The NBS data is a bit lagging as it is collected after the deals are completed, and the August data also showed top-tier cities' home prices are much more stabilized than those in lower-tier cities."

And the fight is coming to the overseas markets where the company said it is confident of competing with Uber. It is stepping on the accelerator of global expansion, chiefly by partnering with a number of ride-hailing companies in foreign countries.

Analysts say Pinduoduo gained a foothold in the market thanks to the shortcomings in some of Alibaba and JD's models.

And the increasing expenditure goes to more sophisticated and experiential activities, according to a report by consultancy Oliver Wyman, which showcased that overall trip spending surged against a precarious drop dedicated to shopping when the Chinese travel overseas last year.

An online festival, dedicated to the cultural and creative exchange between China and the United Kingdom, has been launched on Oct 9 by the British Council.