Officials in Beijing confirmed the diagnosis of more than 15,000 new cases of Coronavirus Thursday; raising the death toll from the disease by more than 250 people.
“The chief executive of smartphone maker Xiaomi said the the disruption caused by the coronavirus outbreak could impact first-quarter sales, but CEO Lei Jun said Thursday that he believes demand will bounce back in the second and third quarters,” reports CNBC.
“Due to the outbreak of (the) virus, this year’s first quarter smartphone sales will face an impact, but we believe that in the second and third quarters they will strike back. Overall, the impact might not be that serious,” the CEO said.
“The coronavirus is causing travel demand to slump across the whole Asia-Pacific region, according to data released by travel analytics firm ForwardKeys on Thursday, with the region seeing a 10.5% slowdown in outbound travel bookings for March and April (excluding trips to and from China and Hong Kong),” adds CNBC.
Read the full report here.