1. China vows to unleash deep market-oriented reforms in new policy directive as economic uncertainty grows

2. China is investing RMB 10 billion in EV charging infrastructure

3. Hong Kong government and schools in talks over Zoom security concerns after hackers invade online classes to spread explicit material

4. Qiming Venture Partners closes USD 1.1 billion fund, targeting early stage healthcare and TMT startups

5. Chinese state-owned investment firm Technology Financial Group (Guangdong) launches $2.8b fund

6. Prominent China lawyer Bao Yuming quits ZTE board after media reports of sexual assault

7. wants to buy Luckin co-founder’s car rental platform Car Inc.

8. Huawei releases its most expensive device yet: a USD 3,500 smart TV

9. TikTok pledges $250M in cash for Covid-19 relief

10. ByteDance releases AI-based English learning app Guagua Long English 瓜瓜龙英语 for kids under eight

11. Chinese Optical Medical Device Supplier OptoMedic 欧谱曼 Completes $14M Series C Round

12. Taiwanese Lithium-Ceramic Battery Maker ProLogium Technology Raises $100M In Series D Round


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1. Startups, VCs in India request ‘relief package’ from the government to fight coronavirus disruption

2. Vietnamese startup Homebase that co-invests in homes secures funds for regional expansion

3. Investree, a B2B marketplace for financial lending, raises US$23.5M to support SMEs in Indonesia



1. U.S. agencies back revoking ability of China Telecom to operate in U.S.

2. US-based real estate investor LaSalle raises initial $681m for debut China logistics fund

3. IFC proposes $15m investment in Cambodian microfinance firm AMK

4. Tesla resurrects long-range RWD Model 3 for the Chinese market

5. Dingtalk goes global with version tailored to Asian markets

6. Most downloaded Chinese social media apps in India during COVID-19 lockdown – TikTok

7. Malaysia-based Aerodyne invests in Middle East drone provider



1. Canalys finds PC demand surged in Q1, but shipments lagged due to supply issues

2. SoftBank CFO sticks to USD 41 billion asset sale plan despite coronavirus

3. Apple and Google team up to track spread of coronavirus using iPhone and Android apps

4. Virgin’s VOX Space snags $35 million Space Force launch contract and prepares for final test flights

5. AcreTrader Secures $5M Seed Round To Advance Farmland Investment Platform

6. raises $400K pre-seed round to help connect student workers with businesses

7. Japanese fintech Paidy raises more capital from existing investor Itochu



A recent hot topic in China is about the “New Infrastructure” project. The Chinese government is accelerating the development of “new infrastructure” to help spur the economy. It will mainly cover 5G, data center construction, smart cities, industrial internet, and more. Source


Image Credits: Technode

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