The Golden Week holiday offers a glimpse of the pace of recovery for China’s battered travel industry, which has been badly hit by the pandemic.
Digital entertainment has seen the spike you’d expect with consumers stuck at home. But it will be hard for companies to bank lasting gains.
Alibaba follows Meituan and Pinduoduo in releasing a slew of supportive measures for small businesses as the economic impact of the coronavirus takes hold.
The coronavirus outbreak may be a turning point for unmanned delivery applications in China, which have remained limited despite widespread attention.
Eligible WeChat Pay merchants can receive $143 per day in financial aid for up to 30 days without obligation to repay the funds.
Chinese e-commerce companies are stepping up efforts to monitor the quality of protective products sold on their platforms, particularly face masks.
Alibaba’s grocery unit Hema is hiring employees from 30 restaurant chains to meet rising delivery demand as residents remain indoors amid the outbreak.
Tech stocks are down following an epidemic. Luckin Coffee’s stock has suffered the most, as mask manufacturers’ share prices rise.