COVID-19 has triggered the deepest global recession since World War II. The World Bank estimates the global economy will shrink by 5.2 percent this year due to the COVID-19 pandemic.

However, some of the most well-known businesses started during economic recessions. Unicorns like Airbnb and Uber were founded during the 2008 global financial crisis, and Alibaba's Taobao was launched during the 2002-2003 SARS outbreak.

So, is it wise to start a business during a recession? The short answer is in the video.

Editor's note: COVID-19 Startups is a series of articles comprising investors' and entrepreneurs' views on developing the venture capital market and entrepreneurship situation in China amid the COVID-19 pandemic.