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In This List

New Huawei, ZTE ban; Facebook's lawsuits; Samsung supply chain alternatives

Industries Most and Least Impacted by COVID 19 from a Probability of Default Perspective March 2020 Update

Gauging Supply Chain Risk In Volatile Times

Entertainment Promos Take Center Stage Amid Coronavirus Lockdowns

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus


New Huawei, ZTE ban; Facebook's lawsuits; Samsung supply chain alternatives

TOP NEWS

* The U.S. General Services Administration issued an interim rule prohibiting government agencies from procuring telecommunications and video surveillance equipment or services from Huawei Technologies Co. Ltd., ZTE Corp. and three other Chinese companies due to national security concerns. The new rule, set to take effect Aug. 13, also targets Hytera Communications Corp. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd. and Zhejiang Dahua Technology Co. Ltd.

* Facebook Inc. filed lawsuits against two app developers in Asia accused of "click injection fraud." Cases have been filed against LionMobi Holding Ltd. in Hong Kong and JediMobi based in Singapore for developing apps for Google LLC's Play store that was used to corrupt users' phones with malware, which created fake user clicks on advertisements on Facebook.

* Samsung Electronics Co. Ltd. is seeking alternatives to Japanese suppliers for chipmaking materials as Seoul and Tokyo remain embroiled in a trade dispute, The Korea Times reported. Though Samsung admitted it is trying to diversify its supply chain, the company denied speculations that it will replace all 220 Japanese chemicals and materials it uses for chipmaking with domestic or overseas products.

* California-based cloud video platform and software provider Ooyala Inc. may soon have a physical presence in Japan again, Patricio Cummins, vice president for Asia-Pacific and Japan, told S&P Global Market Intelligence.

JAPAN

* SoftBank Vision Fund led a US$200 million funding round for C2FO, an online platform connecting businesses that want cash with those who have cash. Following the investment, Nahoko Hoshino will join the C2FO board on behalf of SoftBank Investment Advisers.

* Japan Display Inc. announced that it signed an agreement to receive ¥80 billion in assistance from China's Harvest Tech Investment Management and other investors. The Apple Inc. supplier will also borrow ¥20 billion from its largest shareholder, the state-backed fund INCJ Ltd.

* Nippon Telegraph & Telephone Corp. will buy back up to 2.84% or 53 million shares of its outstanding common stock for an amount not exceeding ¥300 billion. The repurchase period is scheduled from Aug. 7 to Sept. 30.

SOUTH KOREA

* Samsung Electronics unveiled Galaxy Note10, the next iteration in the Galaxy Note premium smartphone series. The device will come in two sizes: the Galaxy Note 10 with a 6.3-inch display screen and the Galaxy Note10+ with a 6.8-inch display screen. The company said the Galaxy Note 10 and Note 10+ will be available for sale beginning Aug. 23.

* Kakao Corp. will sync its music platform Melon with Beijing ByteDance Telecommunications Co. Ltd.-owned video app TikTok, Money Today reported. With the update, users can connect from Melon to TikTok to watch video clips made with the songs they selected, and from TikTok to Melon to play music that was used in the video clip.

* SK Telecom Co. Ltd. successfully developed a 5GX in-building solution to increase the 5G network speed two-fold and distribute data traffic load in heavy traffic areas using an active antenna technology, Financial News reported. The company plans to apply the new solution to commercial networks in the third and fourth quarters.

CHINA, HONG KONG AND TAIWAN

* Huawei is asking its contract manufacturer Flex Ltd. to pay "hundreds of millions of yuan" in damages for illegally withholding its equipment and materials amid the U.S. government's blacklisting of the Chinese company, Reuters reported, citing a person with direct knowledge of the matter.

* Xiaomi Corp. announced plans to launch two smartphones using Samsung camera sensors. The two companies will introduce two new handsets, a 100-megapixel Xiaomi brand smartphone and a 64-megapixel Redmi brand smartphone that will both contain Samsung's camera technology.

* Tencent Holdings Ltd. signed a partnership agreement with the government of Hunan to create an "internet + industry" development plan. The partners will work on the application of the internet, big data and artificial intelligence in the economy.

* Chinese video streaming service Bilibili Inc. has added all eight "Harry Potter" movies to its platform, 36Kr reported. The page has attracted 250,000 views on its first day.

INDIA AND SOUTH ASIA

* Indian cable and broadband company GTPL Hathway Ltd. has acquired cable TV service provider SCOD18 Networking Pvt. Ltd. to enhance its footprint in Maharashtra. Following the acquisition, SCOD18 has become a wholly owned subsidiary of the company.

* Canada-based QYOU Media Inc. launched its flagship network, The Q India, on Zee Entertainment Enterprises Ltd.'s over-the-top platform ZEE5.

SOUTHEAST ASIA

* PT Go-Jek Indonesia is set to acquire Moka, a local mobile point-of-sale startup, for over US$100 million, according to DealStreetAsia.

* Seven Thailand-based telcos, including dtac TriNet Co. Ltd. and Advanced Wireless Network Co. Ltd., submitted a joint proposal to state enterprise TOT PCL to reduce the rental fees on Bangkok's upcoming underground cable network, Prachachat reported. All seven operators agreed that lower rental fees would benefit the telecom industry as a whole, ensuring that increased costs are not passed on to consumers.

* Telekom Malaysia launched its wireless high-speed broadband service called Unifi Air, The Malaysian Reserve reported. The mobile operator plans to migrate users of its old platform Streamyx to Unifi Air as part of its effort to improve high-speed connectivity.

* Advanced Info Service PCL partnered with Singtel to launch a new pilot of the AIS Global Pay service in Japan. The service allows customers who use Rabbit LINE Pay via the AIS Global Pay app and Singaporeans who use the Singtel Dash e-wallet to pay for goods at Haneda Airport and Narita Airport using QR Code technology. The service will be rolled out to more locations after a successful trial period.

AUSTRALIA AND NEW ZEALAND

* Vodafone New Zealand Ltd. announced the launch of Vodafone TV, a plug-and-play device that can turn a TV into a smart TV, with the ability to record content and rewind free-to-air channels for up to three days. The set-top box goes on sale in September for NZ$179 and will be preloaded with a range of apps including TVNZOnDemand, ThreeNow, Sky, Sky Sport, Netflix Inc. and YouTube LLC.

* Fluent Commerce, an Australian cloud-based order management software provider, secured A$33 million in its series B funding round led by U.S. growth equity firm Arrowroot Capital LP.

FEATURED NEWS

Data Dispatch: Financial risk but strong synergies color outlook for newspaper deal: Analysts said the merger is important for the combined entity's future as it will help control costs, though it does carry some financial risk.

FEATURED RESEARCH

Economics of Networks: Large-scale operation paying off for Discovery: Analysis of second-quarter earnings from Discovery Inc., highlighting advertising and distribution revenue growth at the U.S. networks.

RECENT EARNINGS

SoftBank in talks with Saudi Arabia's PIF for Vision Fund 2: During an earnings briefing Aug. 7, SoftBank Group Corp. founder and CEO Masayoshi Son said the company is in negotiations with SoftBank Vision Fund LP's main backers, Public Investment Fund of Saudi Arabia and Mubadala Investment Co., for its recently announced Vision Fund 2.

Sinclair secures carriage for regional sports networks with Charter: Though Sinclair has yet to close its purchase of 21 regional sports networks from Walt Disney, the broadcaster is already signing carriage deals for the channels.

Disney+ available in $12.99 bundle with Hulu, ESPN+ at launch: Marketing for the streaming service, which is set to bow Nov. 12, will begin later this month, CEO Bob Iger said.

Nozomi Ibayashi, Myungran Ha, Emily Lai, Ed Eduard and Patrick Tibke contributed to this report. The Daily Dose has an editorial deadline of 7 a.m. Hong Kong time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.