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"Each operator paid nearly 500,000 yuan (,400) to the group every year," said one business operator surnamed Liu. "The group had been trying to take back the venues since May 2018, but failed to reach an agreement with some of the operators."

"Demand from the cargo freight market has also dropped, but the declining volume is much less than commercial flights. Now, most airlines are carrying out belly-hold operations to transport medical supplies, and it will help to lift revenues. But the limited number of flights and freight volumes won't help much with profit-making," Lin said.

"Due to the outbreak, consumers reduced travel and try to avoid visiting the brick-and-mortar stores. E-commerce platforms providing fresh food are seeing soaring demand," said Jason Yu, general manager of consultancy Kantar Worldpanel in China.

"Demand for homegrown brands has been growing among Generation Z consumers, triggering a new round of interest in Chinese brands," said Christina Li, vice-president of Anta.

"Entrepreneurs in the US and China should continue to collaborate and cooperate, and look for the opportunities," Franklin Urteaga, former White House tech advisor, told Xinhua.