Chinaccelerator Daily Digest 2020/03/20

CHINA:

1. China’s mobile phone shipments drop 56% in February

2. Tencent Q4 revenue up 25%, but coronavirus expected to impact next quarter

3. Tencent targets Bytedance as Q4 profits miss the mark

4. OPPO Places First in International AI Competition on Mixed Language Sentiment Analysis

5. Harnessing its B2B capabilities, JD.com builds backend for e-commerce portal for Hubei firm

6. TikTok promises to let US experts guide its content moderation

7. TikTok’s Chinese Version Launches Group Buying Feature to Support Merchants Affected by COVID-19 Outbreak

8. Trip.com Q1 revenues to plunge by half on suspended travel

9. Chinese electric car maker Xpeng gets green light for P7 road tests in US as it readies to take on Tesla

10. Chinese EV startup Nio’s shares slump 16% after reporting dire outlook amid coronavirus outbreak

11. Alibaba-backed Bigbasket is going to acquire two milk delivery startups

12. Chinese AI Medical Imaging Firm Yizhun 医准 Intelligent Completes $14M Series B Round

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MOBILE-ONLY MARKETS:

1. Indonesia, Philippines and Australia cut rates to bolster markets

2. Thai Life seeks bank pitches for $700m IPO plan

3. Indonesian education tech company Pahamify bags USD 150,000 investment from Y Combinator

4. Indonesian biotech startup Nusantics closes seed round led by East Ventures

5. Indian startup takes AI-powered breast cancer screening to Asia

6. Indian Digital lending platform Vivriti bags $50m in series B money

CROSS-BORDER:

1. Asia-Pacific markets including Hong Kong rally as investors weigh global stimulus packages to battle coronavirus

2. Markets tumble in Asia-Pacific as continuing US rout deepens pessimism about global recession

OVERSEAS:

1. Tech’s big five (Apple, Microsoft, Amazon, Alphabet and Facebook) lost $1.3 trillion in value since market peak one month ago

2. Many Silicon Valley deals are on pause until coronavirus uncertainty clears

3. Microsoft says Teams communication app has reached 44 million daily users

4. Amazon researchers develop AI that improves knowledge graph performance

5. Google open-sources Pigweed, a collection of microcontroller modules for device developers

6. Netflix will reduce streaming quality in Europe for 30 days

7. Toronto’s Ada Raises $44M In Accel-Led Series B For Customer Service Chatbot

8. Mya Systems gets $18.75M to keep scaling its recruitment chatbot

9. Robin Games raises $7 million for lifestyle gaming

10. The Sandbox raises $2 million more to build out blockchain-based game world

Image Credits: KrAsia