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"Compared with the time needed for the industry to recover, what is more critical now is when consumers' demand for travel will resume," the spokesperson said.

"Chinese consumers have increasing demands for premium brands and high-quality imported products, ranging from toothpaste and toothbrushes, mattresses, clothes and handbags, said Zeng Bibo, founder and chief executive officer of Ymatou.

"Customers in big cities such as Beijing, Shanghai and Guangzhou, Guangdong province, will receive the juicy and fresh goji berries within 24 hours," Hao said.

"Consumers with more knowledge about cars are more willing to buy second-hand cars as it is more cost-effective," he said, adding that the average age of Kaixin's customers is under 40.

"China's fast growing 5G technology infrastructure, artificial intelligence, machine learning and digital-related business environment, as well as people's willingness to connect with various products via digital applications, are creating many opportunities," said Sun Fuquan, a researcher at the Beijing-based Chinese Academy of Science and Technology for Development.