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And banks' strength lies in their experience in the financial business and the massive data on customers, trading and markets collected since the 1990s, he said.

And China is now enjoying a highly entrepreneurial environment in terms of the number of incubator companies and companies that are moving to high scale volumes in a relatively short period of time, he noted.

And returns on such investment could be handsome. A WeChat user can tip up to 200 yuan () per emoji at a time. Tencent claimed it had more than 900 million active WeChat users in China alone at the end of September 2017. Apparently, they send out 38 billion messages every day. It, however, declined to share details like the number of emoji downloads and the number of messages with emojis last year.

And with shop prices rising as the Turkish lira has tumbled, losing nearly 30 percent of its value against the dollar last year, the auctions offer a welcome alternative.

Analysts said the latest reports helped to ease market concerns for global oversupply.