CHINA:
1. ZTE shares sink 23% after news of US bribery investigation
2. China’s Didi launches delivery service after coronavirus hammers ride-hailing demand
3. Tencent becomes second largest shareholder of agricultural giant New Hope’s affiliate firm
4. China’s Tencent Music beats revenue estimates as paying users surge
5. NetEase tests karaoke app, competing with Tencent and Alibaba
6. Meituan partners with state-owned carrier China Telecom for 5G and IoT development
7. JD.com eyes Hong Kong secondary listing as early as mid-2020
8. Baidu Launches Car Info App Youjia 有驾, Taking on ByteDance’s Dongchedi
9. Xiaomi Cooperates with NIO on Car Remote Control App
10. SZ-listed Lvjing 绿景控股 acquires K12 education provider Jiayi 佳一教育 for $172m
11. Chinese robotic solution platform Encoo bags USD 30 million in Sequoia-led Series B round
12. AI building design company xkool.ai 小库科技 closed an 8-digit Series A
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MOBILE-ONLY MARKETS:
1. Deliveroo to launch contactless delivery in Asia amid Covid-19 outbreak
2. AMTD Digital to acquire Singapore’s insurtech startup PolicyPal
3. Grab seeks to support Singapore-based startups looking to roll into Vietnam
4. Indian online grocers prepare for surge in demand driven by panic over the new coronavirus
5. Indian startup Shop101 raises US$3.9M to enable entrepreneurs to sell online using social media
6. Malaysia’s payment firm ipay88 to raise $25m for overseas expansion
CROSS-BORDER:
1. Commonfund Capital raises $97.3m so far for emerging markets fund
2. British online money transfer service TransferWise taps into China market with Alipay partnership
OVERSEAS:
1. Manchester is fastest-growing tech city in Europe – report
2. Travel firms ramped up spending on online ads ahead of projected coronavirus slump, data show
3. Grocery delivery apps see record downloads amid coronavirus outbreak
4. Apple fined a record $1.2 billion by French antitrust authorities
5. Apple to close all stores outside of China until March 27 in response to coronavirus
6. Tesla begins Model Y deliveries, meeting expectations for the crossover SUV
7. Amazon to hire 100,000 workers as online orders surge on coronavirus worries
8. Rocket Lab to acquire satellite hardware maker Sinclair Interplanetary
9. Uber Eats waives delivery fees for independent restaurants during COVID-19 pandemic
10. Impossible Foods Continues Growth Trajectory With $500M Series F
11. Chicago-Based Tempus Raises $100M At $5B Valuation For AI-Driven Healthcare
12. HashiCorp, the company that develops open source tools for managing cloud infrastructures, soars above $5B valuation in new $175M venture round
13. To make locks touchless, Proxy bluetooth ID raises $42M
14. Risk management startup Interos Raises $17.5M Series B In Venrock-Led Round
Image Credits: TechCrunch