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In This List

US, China trade deal update; Huawei's own OS; Alibaba exec in 1MDB scam

Entertainment Promos Take Center Stage Amid Coronavirus Lockdowns

Gauging Supply Chain Risk In Volatile Times

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March


US, China trade deal update; Huawei's own OS; Alibaba exec in 1MDB scam

TOP NEWS

* President Donald Trump said the U.S. will not do business with Huawei Technologies Co. Ltd., at least until a new trade deal is struck with China. "We're not going to do business with Huawei ... That doesn't mean we won't agree to something if and when we make a trade deal," Trump told White House reporters Aug. 9. He also suggested a planned September trade negotiation may not happen as scheduled.

* Huawei released its long-expected in-house operating system, HarmonyOS 1.0. Also known as Hongmeng, HarmonyOS is microkernel-based, which enables data processing to be five times more efficient than existing systems such as Apple Inc.'s iOS and Google LLC's Android. Richard Yu, CEO of Huawei's consumer business group, said Huawei smartphones will stay on the Android system for customer convenience but if the company cannot use Android in the future, Huawei can "immediately" switch to HarmonyOS.

* The Malaysian government filed criminal charges against 17 current and former directors of three Goldman Sachs Group Inc. units over their alleged links to the 1Malaysia Development Bhd. state fund scam. Among those charged are Goldman Sachs Group former partner John Michael Evans, who is now president of Alibaba Group Holding Ltd.

* Nine Entertainment Co. announced an offer to fully acquire radio broadcaster Macquarie Media Ltd. The Australia-based entertainment company is making the offer through its wholly owned subsidiary Fairfax Media Ltd. The offer price of A$1.46 per share assigns Macquarie Media an enterprise value of A$275.4 million, including the payment of its dividend this month and net debt of A$22 million.

JAPAN

* SoftBank Group Corp. is in discussions to make investments in Mexico-based used car platform Kavak and financial technology company Konfio Ltd., people familiar with the matter told Reuters.

* Fujitsu Ltd. President Takahito Tokita said he will introduce better pay for highly skilled workers to help the company compete in hiring talent amid Japan's tightest job market in decades, Jiji Press reported. Tokita said in his first interview since taking the helm in June, that Fujitsu will put particular emphasis on hiring talent in artificial intelligence.

SOUTH KOREA

* Koh Dong-jin, president of Samsung Electronics Co. Ltd.'s smartphone business, said Japan's export restrictions on South Korea will not impact this year's production of the Galaxy Fold and Note10, but if the trade tensions continue for more than three to four months, the mobile division may be facing a "crisis" in 2020, Korea JoongAng Daily reported.

CHINA, HONG KONG AND TAIWAN

* The U.S. has put on hold the review process of licenses requested by domestic companies hoping to resume business with Huawei amid escalating trade tensions with China, Bloomberg News reported, citing people familiar with the matter. There are some 50 applications pending, Commerce Secretary Wilbur Ross earlier said.

* Huawei will invest US$1 billion to support developers in building the Huawei ecosystem, 36Kr reported. The company also opened Huawei Mobile Services to attract global developers. Additionally, Huawei Video launched a new channel called Bai Hua, which aims to nurture content development, according to Ifeng.

* In more Huawei news, the company plans to build its second plant in Sao Paulo, Brazil over the next three years to expand its operations in Latin America, Reuters reported. The new factory worth US$800 million, will likely produce smartphones for domestic and foreign markets.

* Baidu Inc. denied a report saying its self-driving bus project Apolong is nearly closed, according to Sina. The company said the next generation of Apolong bus will be launched soon.

INDIA AND SOUTH ASIA

* The Competition Commission of India is investigating Intel Corp. over its alleged unfair and discriminatory provisions in warranty policy for boxed microprocessors sold in India, The Economic Times (India) reported, citing PTI. The complaint was filed by Matrix Info Systems, a company engaged in importing and supplying IT products, against Intel and its Indian subsidiary Intel Technology India Pvt. Ltd.

* BSNL vendors such as Nokia Corp. may suspend network operations and maintenance services being provided to the cash-strapped mobile operator due to its nonpayment of dues, industry sources told The Economic Times (India).

* Indian news and local language content platform Dailyhunt secured US$3 million from Cayman Islands-based Stonebridge, DealStreetAsia reported. The latest capital infusion brings the Bengaluru-based startup's series F funding round to US$25 million, after receiving US$22 million from Belgium's Sofina SA in May.

SOUTHEAST ASIA

* StarHub Ltd. agreed to sell its cybersecurity unit D'Crypt Pte. Ltd. to Temasek Holdings (Pte.) Ltd. Under the deal, StarHub and its founding shareholders will sell their 100% stake in D'Crypt to Temasek for an initial aggregate cash consideration of S$100 million, with additional earn-out consideration of up to S$33.6 million payable to the founding shareholders, subject to the achievement of agreed business and performance milestones. The acquisition is expected to be completed by November.

* Thailand's National Broadcasting and Telecommunications Commission is preparing legal proceedings against NEW TV for failing to pay the 4/2 installment of its digital TV license fee, Manager reported. NEW TV, which owes 2.8 billion baht in state revenue, is the only digital TV operator to miss the 4/2 installment.

* The president of CAT Telecom PCL's labor union has sought a meeting with the Minister of Digital Economy and Society to raise questions about the company's merger with state-owned mobile operator TOT PCL, Prachachat reported. The union wants to clarify issues of asset division, human resources and future business plans before the merger seeks approval from the Thai cabinet.

AUSTRALIA AND NEW ZEALAND

* QMS Media Ltd. subsidiary QMS Sport Holdings Ltd. agreed to acquire TLA Worldwide PLC and Stride Sports Management Holdings Pty. Ltd. Under the deal, QMS Sport will pay A$32.7 million to acquire 100% of both TLA and Stride, which offer talent management, merchandising and sports marketing. QMS said it plans to integrate the complementary services into the existing QMS global sports platform.

* News Corp Australia Pty. Ltd. veteran Liz Deegan is leaving the company to join the National Rugby League Ltd., where she was appointed to the newly created role of chief corporate affairs officer.

FEATURED NEWS

Data Dispatch: 'Dora' explores a box-office breakthrough, haunted by 'Scary Stories': Five wide-release films will debut over the weekend of Aug. 9, with a live-action spinoff of the beloved animated series "Dora the Explorer" considered the most likely to lead the pack.

FEATURED RESEARCH

Economics of TV & Film: Troubles persist for multichannel PPV/VOD market: Kagan analyzes its 2019 update for the multichannel pay-per-view/video-on-demand market and how online may continue to have an impact.

Joji Sakurai, Hyegyu Park, Frances Wang, Kevin Osmond 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.