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"Cinema operators should step up efforts to find ways to make up for their loss … everything will become better if we stick to it… although cinemas are not allowed to re-open, we can still carry on holding other activities," Wang wrote in his recent WeChat posts.

"Currently, we are still collecting inquiries from our member companies," Chan said. "But we have already booked 150 square meters of area for exhibition for next year's event."

"Competition is definitely fierce," said Zhao Huanyan, chief analyst at Shenzhen-based hospitality consultancy Huamei. "For platforms like Fliggy, scaling by gathering more hotel resources is a prerequisite before technology can make a difference and generate profits."

"China's economic might gives its government the leverage it needs to strike back decisively, including scaling back purchases of American products and subjecting well-known US companies with large Chinese operations to tax or antitrust probes," Bloomberg said.

"China represents one of the largest opportunities in the world for many of our clients and for JPMorgan Chase," said Daniel Pinto, co-president & co-chief operating officer of JPMorgan Chase and CEO of the Corporate & Investment Bank. "It is a critical component of our growth plans, both globally and in Asia-Pacific. Our scale and global capabilities give us a unique ability to help Chinese companies grow internationally and also bring foreign investment and capital to China."