Chinaccelerator Daily Digest 2020/03/13

CHINA:

1. Chinese tech giants and IPO hopefuls woo banks for loans as coronavirus shuts access to equity markets

2..Shanghai Opens Its First 5G Industry Park, Births USD1.9 Billion in Deals

3. State Grid to Spend USD171.6 Billion on China’s Power Network This Year

4. China Unicom, China Telecom to Jointly Buy Gear for 250,000 5G Base Stations

5. State-owned Changan Automobile unveils level 3 self-driving system

6. ByteDance goes on Singapore hiring spree, poaching Facebook and Google employees

7. ByteDance Appoints New China Leaders, Global Employees Approach 100,000

8. E-commerce firm Pinduoduo pushes more resources to support merchants as coronavirus fallout hurts sales

9. Sequoia Leads Pre-A Round In Intelligent Semiconductor Manufacturing Firm IKAS

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MOBILE-ONLY MARKETS:

1. Singapore shopping cashback platform Shopback raises US$75M led by Temasek to expand in Asia

2. Fintech startup FamPay raises $4.7m from Y Combinator, Sequoia India and others

3. Metro Pacific-backed IdeaSpace launches early-stage fund for the Philippines

CROSS-BORDER:

1. US Senate bill seeks to ban Chinese app TikTok from government work phones

2. Amazon rolls out Alexa-powered voice shopping experience in India

3. Bytedance’s music streaming app Resso has officially launched in Indonesia

4. Xiaomi Launches Redmi Note 9 Pro in India Starting from Rs 14,999

5. Tesla Probed By Chinese Authorities For HW2.5 Hardware Downgrade Scandal

6. Tesco, foreign grocers leaving Asia as competition with e-commerce, local rivals intensifies

7. Oyo left with skeleton crew in China after massive layoffs

OVERSEAS:

1. White House seeks tech companies’ AI to combat coronavirus outbreak

2. European Commission goes teleworking by default over COVID-19

3. 5G devices were less than 1% of US smartphone purchases in 2019

4. FCC’s largest spectrum auction nets $4.47 billion for 5G mmWave bands

5. Briazilian Venture firm Canary Ventures Sings With New Startup Program In Brazil

6. Microsoft moves its 2020 Build developer conference online

7. Amazon asks all employees to work from home, if they can

8. Slack shares plummet 20% after its growth forecast fails to excite investors

9. GitHub launches new tools for teachers, including autograding

10. Airbnb Q4 loss widens to $390m before the coronavirus hit

11. Real Time Polling Platform Remesh Raises $25M Led By General Catalyst

12. Insurtech startup Akur8 raises $8.9M from BlackFin and MTech Capital

13. Unitary, an EF alumnus, raises £1.3M seed for its content moderation AI

Image Credits: TechCrunch