Offline consumer industries such as the catering industry have been hit hard and are slowly recovering
Because of the pandemic prevent methods taken during the outbreak, the offline activity industries were badly impacted severely. The consumption levels in areas such as domestic tourism, business trip and dining out have dropped significantly. Taking the catering industry as an example, the revenue in March 2020 was almost half of that in the same period in 2019. As the pandemic is gradually under control and various industries started to resume production, the revenue of the catering industry gradually increased from April to June and the YoY decline kept shrinking.