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As many traditional companies plan to upgrade and optimize their business within the next 10 years, this will become of one the key demands of Chinese companies, the report said.

As part of that transfer, Amazon?again became the?world’s most valuable e-commerce company, a position?it previously had lost to Alibaba?last fall after it held a record-breaking IPO.

As one of the most popular Shanghai-listed A shares among foreign investors, the company is trading at 24 times earnings over the next 12 months, the highest among listed airports in China and above its average multiple of 19 times over the past two years, according to data compiled by Bloomberg. The stock is already trading near analysts' 12-month consensus target of 54 yuan (.43).

As per a survey combining industry insights and data collected at Trip.com, the Chinese tourism industry will face a short-term loss of more than 1 trillion yuan during the epidemic. That number can reach 10 trillion yuan by the end of the year, or 10 percent of China's annual GDP.

As of 6:00 pm Tuesday, the number of traffic accidents involving casualties across China saw a 31.3-percent decrease year on year during the holiday from April 29 to May 1, according to the Ministry of Public Security.