Wilted flowers, empty cafes: China's small businesses bear coronavirus costs

Reuters: Business & Financial News, | February 05, 2020

What is worrying Rao Yong more than the daily news updates of a virus outbreak gripping China is that he may soon have to shut his online handicraft store and tell the 1,400 craftswomen he employs he is no longer able to sell their work. Rao, from eastern China’s Zhejiang province, is among millions of small business owners feeling the ripple effects of the epidemic which has killed 490 people in China and infected over 20,000. Businesses face widespread disruption as local governments order companies to extend their Lunar New Year holidays for at least another week and curtail transport links, while would-be customers stay home for fear of contagion.

Spotlight

Small and medium-sized businesses are the backbone of our economy. They're the ones creating jobs, driving innovation, and building our communities. But in today's fast-paced, digital world, it can be tough for these businesses to stay competitive."


Other News
MANAGEMENT

EBLUXE HAIR, A SMALL BUSINESS WITH A BIG HEART

EBLUXE HAIR | December 20, 2022

The generosity of one small business has warmed the hearts of many. This holiday season EBLUXE HAIR held their first annual "Nominate a Family in Need" campaign and was able to give back over $1,000 to those within their community. The gratitude we received was priceless, This is something we want to continue in the future, and with the support of sponsors and donations we can have an even greater impact next year. owner Tee Johnson. It is such a good feeling to be able to give back," added Johnson's daughter Sierra. "I know there are individuals who are struggling; it is truly liberating to know that we were able to make their holiday better.We commend this small business owner for their generosity and applaud them for having a giving spirit. Their act of kindness is a reminder of what the holidays are all about. EBLUXE HAIR & EBLUXE CARES The mother-daughter duo behind EBLUXE HAIR continues to provide consumers with Hair Extensions that are like no other and are of the highest caliber. Their recently founded non-profit EBLUXE CARES, is a 501c3 whose mission is to empower teens and cancer thrivers (those living with cancer) to rediscover what it means to live, while learning to celebrate and accept oneself completely.

Read More