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"Each generation of telecoms technological evolution can always bring the biggest surprise," He said.

"Despite the shelter-in-place in the first quarter, Baidu's total revenues declined just 7 percent year-over-year, resulting from our diversified revenue streams, including marketing services for wide-ranging industries, new AI businesses and iQiyi. With the pandemic coming under control in China, offline activities are rebounding and Baidu stands to benefit from a restart of the Chinese economy," said Robin Li, co-founder and CEO of Baidu.

"Daimler is pleased to have won a new long-term investor who is convinced of the innovation power, strategy and the potential of Daimler going forward," Reuters quoted the German company as saying.

"During the novel coronavirus outbreak, all our physical shops were closed. But because of the launch of our omnichannel online store on WeChat in mid-January, we were able to generate 70 percent of the revenue of a year earlier in February－about 300 million yuan (.8 million) for the month," he said.

"Enlarging the house significantly improved my family's living conditions," Xu said.