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"COVID-19 dwarfs anything that we've faced in recent history, and it isn't showing any signs of slowing down," said Biden, adding that the virus, which has now killed more than 223,000 people nationwide, "is surging in almost every state."

"China is by far the most important market to grow, and has the biggest growth opportunity," Kapitany said.

"China is going through a transformative period from consumer internet to industrial internet. There is robust demand for digital transformation among Chinese enterprises. We are playing an increasingly important role in the process," Kingdee Chairman Xu Shaochun said at the news conference accompanying its 2019 interim results announcement on Wednesday.

"China is home to unmanned shelves with customized stock keeping units based on profiling of frequent customers－and facial recognition payment," said Lannes. "It is a market that has leapt beyond the integration of online and offline retail to introduce ubiquitous shopping across a range of consumer touch-points."

"COVID-19 has proved to us how fragile it could be in terms of the interconnectivity of our world, despite the progress we made about globalization before," Suthiphand said.