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As of 2018, Changsha had an elderly population of around 1.4 million, among which empty nesters occupied about a half. More than 90 percent of the senior citizens rely on home-based elderly care, mostly living in old residential buildings built from the 1970s to 1990s.

As live-streaming becomes popular, they decided to move their brick-and-mortar store online and boost sales on Taobao via online broadcasting.

As one payment partner of Chinese e-commerce payment giant Alipay and WeChat Pay in North America, Citcon said it has partnered with more than 5,000 top merchants in the United States.

As of the end of the second quarter, outstanding credit card loans overdue for six months increased by 5.19 percent quarter-on-quarter to 83.88 billion yuan (.86 billion), according to the People's Bank of China, the country's central bank.

As of early March, major automakers outside Hubei have mostly resumed operations, those in Hubei have also begun a return to normal since late March. This led to destocking and releasing orders, one of the reasons for the rebound.