Under the pandemic situation, Crystal Link Technology help local enterprises to mitigate the risk
Spring Festival is the most important festival in China, and it is also the highest spending month from consumer. According to the data released by relevant agencies, the F&B industry achieved revenue of RMB 725.1 billion during the Spring Festival in 2019, increased by 9.7% year-on-year from 2018. However, due to Covid19 pandemic, the revenue of F&B industry for Spring Festival in 2020 have been severely hit. According to the data of Evergrande Research Institute, within seven days of the Spring Festival alone, the epidemic has caused about RMB 500 billion of losses to the F&B and retail industries, which is nearly one ninth of the income of the whole domestic F&B industry in 2019.