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"Chinese customers always have their smartphones at their side. That's why online consultation was already well-established and accepted before COVID-19," said Michael Mayer, head of sales and marketing for Volkswagen brand in China, in an article on its website.

"China's asset management industry has great potential, and Winton is excited to participate in the market," said Fred Tian, head of client advisory at Winton China. "We look forward to bringing to bear our international and local experience for the benefit of our Chinese clients."

"China's ban is crucial for elephants," said Peter Knights, executive director of WildAid, a nonprofit organization based in the United States.

"Clearly, this is an aggressive move by Uber to take out a competitor and further consolidate its market position," Ives said in a research report. "Especially as the COVID-19 pandemic continues to shift more of a focus to deliveries vs. ride-sharing in the near term."

"Customer demand in China, in particular, has struggled to recover following changes in import tariffs in July and intensifying competition on price, while ongoing global negotiations on potential trade agreements have dampened purchase considerations."