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Amid mounting concerns about hefty pricing and valuations that prove hard to sustain, the new economy frenzy has fizzled out. Among the 19 Chinese mainland companies that raised a combined total of HK.1 billion in Hong Kong this year, nine firms traded below their offering prices on the first day of trading. As of Thursday, only five companies managed to stay above their offering prices.

Amid the COVID-19 outbreak, its AI-enabled temperature-screening solutions have been widely deployed in subway stations, universities, shopping malls and other places across China to help contain the epidemic.

Amazon’s massive Seattle campus is on pace to exceed 13 million square feet over the next few years. But that huge footprint, the forest of office buildings that has transformed Seattle and given it the title of the “crane capital of America,” represents just a small fraction of Amazon’s overall real estate holdings.

Amid the outbreak, the country has also seen new growth opportunities from new types of digital business, and it is ramping up efforts to boost new forms of consumption and speed up new infrastructure construction to inject more impetus to the economy.

Among them is Japanese retail brand Uniqlo, which drew eyeballs with its massive 1,500-square-meter exhibition area named the "Museum of Tomorrow".