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China will also have more than 70% of the world’s 5G subscribers by the year’s end.

Advertising contributed to more than half of the company’s revenue.

Sales of personal protective equipment, such as face masks, increased 14 times among JD.com’s female customers.

China’s tourism industry is facing an estimated daily loss of USD 2.54 billion.

Is Nio facing the risk of running out of cash?

To combat the coronavirus outbreak, about 3,000 enterprises in China have started to set up mask production lines.

Both deals were made late last year, before the coronavirus outbreak took a toll on China’s economy.

The e-commerce company’s success in China’s less-developed areas brings a new round of increase in the quarter past.