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"From my point of view, we can't count our profit on cashing out from the online traffic or e-commerce," Liang said. "Sport, after all, is an offline business. You can't expect your e-commerce business or online traffic can beat up big guys such as JD or Taobao."

"From February to March, we experienced the fastest market downturn in history," said Savita Subramanian, an analyst at Bank of America, in a research note. "But what's really unusual is the nature of the crisis, driven by a deadly virus. This is the first time in several generations that we've seen a global economic downturn driven entirely by a social challenge."

"Fujifilm is rocking the tradition in the Chinese market," said Zhu Jianqiu, president of Changhong IT. "As one of its partners, teaming up with Fujifilm has been a very promising attempt for us."

"Further decline of investment and consumption in July means policies need to be adjusted at a quicker pace," said Liu.

"Having its own mobile payment tool can boost cash flow, make the best use of its data and help it develop its own ecosystem. Finance, after all, is the foundation of all businesses," Li said.