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David Hui Shu-cheong, a respiratory-medicine expert at the Chinese University of Hong Kong, said in a different radio interview that lockdown measures might be necessary if current measures fail to improve the situation. Public hospitals in Hong Kong would be overwhelmed within a week if nearly 100 cases were added daily and if most have an unknown origin, he said. Seventy-three new infections were recorded on Monday.

Dada Group, China's leading on-demand delivery and retail platform, has filed for a 0 million initial public offering in the United States, according to the company's regulatory filing.

Deer Jet, the largest business jet operator in Asia, said that as novel coronavirus outbreak spreads across Europe, market demand from Chinese passengers who can afford to fly from Europe to China on chartered business jets has been vigorous. New business opportunities have emerged for the sector, company officials and analysts said.

Daimler is however not putting all its eggs in one basket.

Daniel Sun, research vice-president at Gartner, said the resilience of business models is pivotal to continuity of operations during the COVID-19 pandemic.