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Another key factor is the purchasing power of Chinese consumers, especially those from the millennial generation.

Antonio Villafranca, research coordinator and co-head of the Europe and Global Governance Centre, Italian Institute for International Political Studies, said at the Global Think Tank Webinar on Wednesday that when the coronavirus outbreak hit Europe, he and colleagues had been requested by European governments to provide economic recipes. The European Union countries have also agreed last week "for the first time in history" to set up a 750 billion euro (7 billion) recovery fund to help member countries recover their economies ravaged by the pandemic.

Another 11 mobsters were arrested in Causeway Bay and Sai Wan on suspicion of possessing offensive weapon.

Anthony Fauci of the US National Institutes of Health has said that "anything is possible" given the scale of the outbreak, but added that large-scale quarantines do not appear to be on the horizon.

Another possible factor: “Amazon is a conservative buyer,” Burgess said. “They think long term and they don’t get seduced by high-flying valuations.? For example, there was good business logic for them to acquire Twilio and add CPaaS (Communications Platform as a Service) as a feature set to AWS — but the IPO went out at over 16x revenue and if we see an acquisition by Amazon, it will most likely happen when that valuation falls back to earth. Even with the down rounds and the fallen unicorns, valuations are high — often out of range for a conservative acquirer like Amazon.”