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Due to a lack of credit history and collateral, micro-and-small businesses have suffered from a credit crunch due to higher costs, bigger risks and the discrepancy between supply and demand, said Li Dongrong, president of the National Internet Finance Association of China.

Dressed in a suit and tie, TeoTronico sits in front of a piano center stage in an exhibition hall, moving its fingers with great accuracy and speed to play a piece from Mozart.

Douyin has been making inroads in the short video market at a phenomenal pace since its launch in September 2016. During this year's Spring Festival holiday from Feb 15 to 21, the number of its daily active users went from less than 40 million to nearly 70 million.

Dove Hotel follows the similar Dove Choc Bar concept, which popped-up last September in Beijing's busy Sanlitun district. Over three weeks, the bar welcomed 30,000 visitors and reached 152 million people through social media.

Dr Kacey Ernst, an infectious disease epidemiologist at the University of Arizona, said all signs seem to point to increasing transmission of the disease. Increased testing could explain the rise in cases, but not increased hospitalizations, she said. Arizona does appear to be increasing more than other states, she said.