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Collignon said that there is a possibility for a second wave of COVID-19, like what had happened in Australia in 1919 during the flu pandemic, a very big killer around the world.

Compared to their big-name counterparts, smaller enterprises have limited financing channels, and their financial problems will be grimmer, according to Xie. He added their tightened capital flows will accelerate industry-wide integration in the form of a potential shakeout, or possible mergers, acquisitions and takeovers.

Concerns

Company executives and officials from 34 countries and regions are scheduled to attend the trade fair, which offers 3,150 exhibition booths. About 10,000 merchants and 200,000 visitors are expected within the next five days.

Concur moved into new offices in downtown Bellevue in 2013, part of its continued expansion plan. The company also is riding high after securing a deal to provide travel and entertainment expense reporting tools to the U.S. government.