CHINA:
2. Ride-hailing and food delivery plummet due to coronavirus, while online grocery shopping sees uptick
4. Suning.com’s group-buying app reports 2,061% YoY sales growth in February
5. Chinese carmarker Geely 吉利 plans to launch two satellites this year for self-driving cars
6. Shenzhen-listed voice recognition giant iFlytek reveals 1.19% stake in AI chip unicorn Cambricon
7. Cybersecurity company Qihoo 360 accuses CIA of 11-year espionage offensive
8. Foxconn expects 15% hit to Q1 revenue from Covid-19
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MOBILE-ONLY MARKETS:
1. Sea increases 2019 adjusted revenue threefold to $2.9b
2. Singaporean logistics startup Moovaz raises Series A from SCangels, SGInnovate
3. Fintech, data science company Oriente secures US$20M from Silverhorn Group
4. Driven by payment services, Indian fintech investments double in 2019
5. Zomato’s acquisition of Uber Eats India valued at $206m
6. Indian agri services firm Arya raises $6m from Omnivore, LGT Lightstone Aspada
CROSS-BORDER:
1. Chinese payments giant Ant Financial buys a stake in Swedish fintech start-up Klarna
2. Huawei to build French factory regardless of 5G decision, executive says
4. Short-video app Kwai is hiring for its expansion in Mexico and Argentina
5. U.S. senator wants to ban TikTok for federal workers, citing Chinese government ties
6. SoftBank-backed CloudMinds blocked from exporting U.S. tech to China
7. Pay-later startup Hoolah banks 8-figure investment from Genting Ventures, others
OVERSEAS:
1. Facebook gives WHO unlimited free ads to battle coronavirus disinformation
2. Ex-Uber self-driving head owes $179 million to Google in contract dispute
3. GM launches advanced electric batteries to power its EVs
4. Finland’s Nokia enters 5G partnership with Marvell Technology
5. New Zealand launches $300m venture capital fund Elevate NZ
7. Subscription streaming service Quibi closes on $750 million as its date with destiny approaches
8. Investors Serve Up $53M In Series C Funding To Web Dev Platform Netlify
9. Co-living European startup Colonies raises $34M
10. SiLC Technologies raises $12 million for long-range lidar sensors
11. Mexico City-Based TrueHome, a Tech-Enabled Real Estate Broker, Raises $8.8M Series A
12. Mavenoid raises $8M Series A to apply AI to technical product support
13. Esports Players League secures $1 million, 500 Startups leads investment
14. Remote Workstation Startup Growrk Sees Surge In Demand Amid Coronavirus Fears
Image Credits: KrAsia