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In This List

Huawei's US lobbying; Korea/Japan trade tiff update; Inventec's China exit plans

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

Internet Traffic Spikes By One Third In March

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

COVID-19’s Impact on the Capital Markets: Identifier Issuance for Municipal Securities Sinks, but Corporate Requests Stable


Huawei's US lobbying; Korea/Japan trade tiff update; Inventec's China exit plans

TOP NEWS

* Huawei Technologies Co. Ltd. has tapped law firm Sidley Austin LLP to lobby on behalf of the Chinese company in the U.S. on trade sanctions and export control, among other issues, Bloomberg News reported, citing a disclosure filed with the U.S. Senate. Sidley Austin is already working on the company's legal challenges in the U.S.

* South Korea is mulling controlling the export of dynamic random access memory, or DRAM, chips to Japan in response to Tokyo's export curbs against Seoul, the Nikkei Asian Review reported, citing Kim Hyun-chong, deputy director of the National Security Office. With Korea enjoying 72.4% of market share for DRAM chips, the official said Korea can consider using constraint as a weapon against Tokyo. South Korea is home to two large DRAM chipmakers, Samsung Electronics Co. Ltd. and SK hynix Inc.

* Taiwanese digital-devices maker Inventec Corp., which assembles Apple Inc.'s AirPods and produces notebook computers for HP Inc., said it will move its entire U.S.-bound laptop operation out of China to Taiwan within months amid the ongoing U.S.-China trade war, Bloomberg News reported, citing Maurice Wu, Inventec's president, who has called the trade war "very painful" for the company.

* Shares in Apple surged Aug. 13 after the Trump administration delayed sweeping tariffs on a number of Chinese imports, including cellphones and laptops. Apple stock gained 4.23% on Aug. 13 to close at US$208.97 after the U.S. Trade Representative's Office said it would delay a 10% tariff on certain groups of Chinese products until Dec. 15.

JAPAN

* NTT Docomo Ventures Inc., the venture capital arm of NTT Docomo Inc., announced an undisclosed amount of investment in Silicon Valley startup Light Field Lab Inc., a developer of holographic display technology.

* SoftBank Group Corp. founder Masayoshi Son wants to create an ecosystem of companies that can collaborate to drive the growth of its second Vision Fund, combining Silicon Valley-style venture capital and traditional private equity, London's Financial Times reported.

SOUTH KOREA

* Three South Korean telcos, SK Telecom Co. Ltd., KT Corp. and LG U+, have launched an upgraded text messaging service, Chatting+, Yonhap News Agency reported. The service, based on Rich Communication Services platform, will be available on Samsung Electronics Co. Ltd. smartphones.

* SK hynix is recruiting researchers and other experts in the semiconductor manufacturing material sector in the wake of uncertainties over Japan's tightened export controls, The Korea Times reported. The chipmaker is looking to improve technological capabilities and diversify import lines of key chipmaking materials.

* Kakao Games Corp. launched a multiplayer online role-playing game called TERA Classic, Yonhap News Agency reported. China-based Lantu Games Ltd., a joint venture between Longtu Games and LINE Corp., has developed the game. TERA Classic is based on the original world concept of the computer version but tells a new story.

CHINA, HONG KONG AND TAIWAN

* Shanghai's transportation and communications authorities have penalized ride-hailing service providers Didi Chuxing Technology Co. Ltd. and Meituan Dianping for using unlicensed vehicles, Reuters reported. Didi was fined 200,000 yuan, while Meituan was fined 30,000 yuan.

* OnePlus Technology (Shenzhen) Co. Ltd. is working on a global launch of its new 5G device this year, London's Financial Times reported. The company is also preparing to launch its first television set, according to the company's CEO, Pete Lau.

INDIA AND SOUTH ASIA

* Indian ride-hailing service OLA announced the acquisition of an artificial intelligence startup called pikup.ai, Hindustan Times reported, citing IANS. The pikup.ai team will join OLA under the agreement. Pikup.ai uses autonomous technologies such as artificial intelligence, computer vision and sensor fusion to provide AI-powered solutions for businesses.

* Sun TV Network Ltd. is looking to invest 1.5 billion Indian rupees on its over-the-top platform Sun NXT, Television Post reported. The company will invest this amount during the next 1.5 years, according to the company's group CFO SL Narayanan.

* Uniphore Software Systems Pvt. Ltd., which designs and develops multilingual speech recognition software solutions and offers software as a service-based solution, has raised US$51 million in a series C funding round led by March Capital Partners. Chiratae Ventures India Advisors Pvt. Ltd., Sistema Asia Fund Pte. Ltd.. and others also took part in the funding round.

SOUTHEAST ASIA

* The board of Thailand's National Broadcasting and Telecommunications Commission approved a plan to hold two separate multiband 5G spectrum auctions in 2020, Manager reported. The commission plans to auction 26 GHz, 2600 MHz and 700 MHz packages in early 2020, and a 3500 MHz and 1800 MHz package by end-2020.

* Malaysian telco Maxis Bhd. plans to expand its fiber offerings in east Malaysia, The Borneo Post reported. The company is exploring opportunities to engage with several access providers to support the plan.

* Go BitCar, a ride-hailing services provider, will start operations in Indonesia at the end of this month, CNBC Indonesia reported.

AUSTRALIA AND NEW ZEALAND

* Australia's media executives have come down on laws that criminalize journalism, according to the Associated Press. News Corp. Australia Pty. Ltd.'s Executive Chairman Michael Miller told a parliamentary inquiry that Australia has "many laws that criminalize journalism" and which are "creating a secret society" that most Australians would not identify with. Other media chiefs said there is a culture of intimidation and secrecy that has a chilling effect on legitimate public interest journalism.

FEATURED NEWS

Data Dispatch EMEA: Broadcast: For BBC, ITV's new BritBox, diversity may hold key to Netflix challenge: U.K. public service broadcasters are increasingly turning to data to understand how to build out their programming to attract minority viewers. But these efforts are not free of controversy.

FEATURED RESEARCH

Broadcast Investor: Public trading multiples: TV stocks fall under high-profile disputes: Broadcast stocks were mixed in July as investors worry about core advertising trends while U.S. and China trade tensions rise, and a number of high-profile retrans and carriage disputes spur talk in Congress of potential regulatory changes

RECENT EARNINGS

DouYu CEO: 5G ushering in a 'new dawn' for gaming, livestreaming: DouYu CEO and founder Shaojie Chen said Aug. 13 that the upcoming era of 5G technology will usher in a "new dawn" for its esports and livestreaming platform.

Hon Hai's Q2 profit drops 2.50% YOY: Hon Hai Precision Industry Co. Ltd., a Taiwanese electronics-maker and supplier to Apple, reported a 2.50% drop in net income in the second quarter.

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.