CHINA:
2. China’s February EV sales dive 77% on Covid-19 effects
3. Beijing has 26,000 5G base stations serving 800,000 users
4. Drone delivery startup lifts off early with medical samples
5. Alibaba establishes 5G research lab under DAMO Academy research division
6. Alibaba’s Alipay to open up to 40 million service providers in three years
7. Alibaba’s Chinese Delivery Arm Is Back at Pre-Outbreak Levels
8. Ant Financial takes aim at Meituan with Alipay expansion in digital lifestyle services
9. Ikea launches flagship store on Alibaba’s Tmall
10. ByteDance To Launch Independent App Lark Doc
11. Eight roads co-leads $36million series B in Chinese “Corporate Wallet” Fenbeitong 分贝通
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MOBILE-ONLY MARKETS:
1. Malaysian court dismisses Grab’s request to review decision on $20.9m fine
2. Ecommerce chatbot startup Omnichat raises $800k in AppWorks-led round
3. Indonesia’s P2P industry sees growing interest as alternative investment platforms
4. Frogs Indonesia carries out flying taxi test flight in Yogyakarta
5. Vietnam court asks Grab to shell out $206k for taxi firm Vinasun’s losses
CROSS-BORDER:
1. Quona Capital closes US$203M round to focus on fintech companies in emerging markets
2. Apple To Launch New Affordable iPhone As Sales Plunge In China
OVERSEAS:
1. Gates, Wellcome and Mastercard launch $125 million fund to finance COVID-19 treatments
2. Google bans all ads for medical face masks amid coronavirus outbreak
3. Apple employee in Ireland tests positive for coronavirus in first confirmed case at company
4. Intel says flawed EU antitrust decision underpins $1.2 billion fine
5. Uber self-driving cars are back testing on San Francisco streets
6. Tesla is searching “central” U.S. for a Cybertruck gigafactory site
7. Sentons teams up with Foxconn to create virtual buttons for smartphones
8. Two video startups Quibi and Eko are in a legal battle over video tech
9. Everlaw announces $62M Series C to continue modernizing legal discovery
11. Toronto’s NorthOne, A Digital Challenger Bank For Small Businesses, Raises $21M Series A
13. Australian edtech firm Zookal raises $9.85m in equity fundraising round
14. BackboneAI scores $4.7M seed to bring order to intercompany data sharing
15. Insurance AI startup Synthesized raises $2.8M from IQ Capital and Mundi Ventures
16. Monograph, developer of project and cost management software for architects, raises $1.9 million
17. Gaming startup Mod.io banks $1m in Play Ventures-led round
Image Credits: Alizila.com