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Alipay reports signs of economic recovery in China.

39% of smaller shops have reopened since the outbreak


Alipay reports signs of economic recovery in China. | BEAMSTART News

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Alipay announced today on their official Twitter account that clear signs of recovery from the COVID-19 outbreak are starting to take place in China.

The announcement stated that 39% of smaller (mom-n-pop) shops have reopened since the outbreak.

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A small food store accepting Alipay in China.

Shops daily turnover rates have also recovered back to levels before the Chinese New Year holiday, and are expected to increase in the coming months.

Since the outbreak, Alipay and partners have been executing various contingency solutions to support small businesses with their daily operations, which include insurance coverages and lower interest loans.

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