Chinaccelerator Daily Digest 2/26/2019

Overseas:

1.Tesla’s Musk risks contempt charge as SEC argues tweets violate deal

2.California AG endorses bill expanding consumer privacy protections

3.Shares of Apple supplier AAC Tech set to slide after profit warning

4.Australia’s TPG to take $163 million in writedowns after halts Huawei-supplied mobile network

5.Buffett, the Oracle of Omaha, backtracks on Oracle, the company

6.Sony revitalizes smartphone franchise with movie-style screens

7.UK cannot examine Facebook until it has clarity on Brexit timing

8.With a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LA

9.New York-based data startup Narrative raises $3M more

10.Google will bring its Assistant to Android Messages

11.Home depot invests in Roadie’s $37M Series C to help accelerate product deliveries

12.Microsoft CEO defends US military contract that some employees say crosses a line

13.GE sells biotechnology sector for $21.4 billion

China:

1.Jingdong Group: In 2019, the demand for new jobs is expected to reach 15,000

2.“Pinduoduo” 拼多多 will enter cross-border e-commerce, launching “Duoduo International” projects

3.Phoenix New Media announces Letter of Intent for sale of stake in Yidian 一点资讯; shares rise ~30%

4.China’s NationalChip 国芯 nets USD22.5 million in round-B

5.China’s online home appliance sales fell below 20% for first time last year

6.Self-service laundry operation provider Penguin Technology 企鹅科技, won the strategic investment of Ant Financial

7.Cubic Star Solution R&D Producer Zero Gravity Lab receives tens of millions of RMB Pre A+ financing

8.Mixed reality startup Nreal 太若科技, focusing on the development of mixed reality technology, received $16 million in A+ round financing

9.Car-share app Like Chuxing 立刻出行 nets ‘tens of millions’ of dollars from Ant Financial, others

10.Fitness app developer OliveX gets $1m funding

Cross-border:

1.Amazon to offer more than 1,000 apprenticeships in Britain

2.China’s Lenovo Sets Up JV With US Cloud Firm NetApp

Blockchain:

Ant blockchain technology company was established

Mobile:

1.Weak investment climate main 5G risk, not security fears: Ericsson

2.Qualcomm releases the world’s first commercial 5G PC chipset, which will be available at the end of the year

3.ZTE A-, H-Shares Rise as It Unveils Its 5G Handset

4.In Spain, Chinese handset-makers lean hard into 5G

Emerging Market:

1.Panel seeks more answers from Twitter as India prepares for elections

2.India legaltech startup SpotDraft raises funds for global expansion

3.Singapore HR marketplace snaps up $1m seed funding from Beenext

4.Singapore video creation platform 90Seconds snags $20m from Sequoia, Qualgro, and more

Cover picture credits from Reuters