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Coronavirus

Wuhan lockdown spurs corporate Japan's contingency response

Potential impact on tourism and industry rocks markets in China and beyond

Chinese authorities shut down rail travel into and out of Wuhan on Jan. 23 in a bid to curb the spread of a new coronavirus.   © Reuters

TOKYO -- For the first time in almost two decades, Tencent Holdings founder Pony Ma will not directly hand out traditional red envelopes of cash to employees to celebrate the Lunar New Year.

Such are the precautions being taken in China, even in Tencent's home base of Shenzhen, some 1,100 km away from Wuhan, the epicenter of the coronavirus outbreak.

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