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But the higher online sales cannot compensate for the losses the company has incurred from the shutdown of all its physical outlets in mid-March under the Philippine government's enhanced community quarantine measures.

By Saturday, over 100 Chinese celebrities, including actors, actresses, singers and songwriters, as well as the general public, had joined the donation drive. Over 2 billion yuan (5 million) have been donated through her nonprofit, Han Hong Love Charity Foundation, which she founded in 2012.

But there are doubters that say this program won’t work. Dave Workman, senior editor at The Gun Mag, told The Yakima Herald that “we’ve had a history of these gun buybacks around the country, and they haven’t done anything.”

But the biggest challenge still lies in localization. The European smartphone market differs considerably from Southeast Asian markets, where the company had already established itself as a competitive brand loved by young consumers.

But, there’s no guarantee the price correction in an overheated market will be a gradual process allowing lenders and borrowers time to adjust. Such worries have been magnified by the uncertain economic outlook created by the ongoing trade war between Hong Kong’s two largest markets — the United States and Chinese mainland.