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"Despite the decline, consumers continue to view current conditions quite favorably, Lynn Franco, senior director of economic indicators at the Conference Board, said in a statement.

"Digitalization is the most ideal option for companies to realize rapid development, improve competitiveness and resolve current difficulties," said Wang Xin, a partner of Roland Berger in the technology, media and telecom section. "Either willingly or not, a company in transformation has to meet all kinds of challenges or opportunities."

"Data is really what we are offering as a company," says Miller, adding that such information gives their staff a "huge advantage".

"Despite shrinking revenues and expenditures for COVID-19 relief measures, we will not reduce charity donations pledged for the current financial year to show our commitment and social responsibility when Hong Kong faces a difficult period, but we will definitely pay less tax to the government," he said.

"Effective Nov 3, we will cease operations at Newark and consolidate our New York City presence at LaGuardia Airport, where we are experiencing strong customer demand," the airline said on Thursday in its second-quarter earnings report. "The financial results at Newark have been below expectations."