CHINA:
1. Hong Kong’s first digital bank offers 6.8% for deposits but says not eyeing price war
2. Alibaba says its AI-powered algorithm can identify coronavirus infections with 96% accuracy
3. Alipay developed China’s national health code rating system
4. China’s SF Express, CITIC Capital target to jointly raise $400m logistics fund
5. Private equity firm Hillhouse sells off its Nio shares
6. Chinese chipmaker ThinkonSemi raises $124m ahead of STAR Market IPO
7. IT training company 51CTO raised 20million USD in Series C
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MOBILE-ONLY MARKETS:
1. India’s wireless carrier Vodafone Idea says to pay 25 billion rupees in government dues
2. Indian agritech startup Clover nets $5.5m in series A round
3. Gojek buys $41.7m stake in Indonesia taxi operator Blue Bird
4. Vietnamese IT recruiting platform TopDev secures seven-digit funding from South Korean investor
5. Singapore-based software development company Credify gets $1m from Beenext, SoftBank’s Deepcore
6. SG-listed Trendlines Group, Agriline to invest $6.1m in portfolio companies
7. Global crpyto exchange platform Binance applies for crypto license in Singapore
8. Nepali food delivery startup Foodmandu secures series B money
9. Malaysia to choose 5G partners based on own security standards
CROSS-BORDER:
1. Singapore’s retail tech unicorn Trax acquires Paris-based AI startup Qopius
2. China’s Didi to launch ride-hailing services in Sydney
OVERSEAS:
1. EU’s new AI rules will focus on ethics and transparency
2. Coronavirus could impact 5 million companies worldwide, new research shows
3. Smart speaker sales reached new record of 146.9M in 2019, up 70% from 2018
4. Google confirms it again removed alleged spying tool ToTok from Google Play
5. Crypto giant Binance launches cloud service in revenue shift
6. Apple unlikely to meet revenue guidance due to coronavirus impact
7. Amazon’s Jeff Bezos pledges $10 billion to launch Earth Fund for combating climate change
8. SoftBank-backed Oyo says annual loss grew over six-fold on China expansion
9. Tesla ordered to halt work on German factory amid anger over chopping down trees
10. Tesla aims to revitalize its solar energy and storage business this year after 2019 slump
11. Warburg-backed ESR to invest $245m to develop Japan logistics facility
12. Quantum tech company Nanoco files patent infringement lawsuit against Samsung
13. UK-based Oxford VR raises $13 million for therapy platform
14. MotoRefi raises $8.6 million to bring its auto refinancing platform to the masses
Image Credits: SCMP