One man’s meat is another man’s poison goes the saying. While oil-producing countries and US-listed oil companies have borne the brunt of the massive slide in crude oil prices recently, certain emerging market countries will, however, benefit.
Denmark-based Blue Ocean Robotics, led by Claus Risager, is selling hundreds of hospital robots to China to aid in the country’s battle against the coronavirus. At €60,000 each (US$67,000), the UVD robots glide around hospitals and healthcare facilities beaming UV light to destroy bacteria and viruses.
The AI Moonshot Team at China’s WeBank, a private Chinese online banking company founded by TenCent, combined big data and AI to check on the impact of the coronavirus in Chinese manufacturing. They innovatively processed satellite, GPS and social media data and found that the Chinese economy may be getting back on its feet after the coronavirus disaster.
Chinese startups are facing a massive cash crunch following the coronavirus outbreak. With personal meetings placed on hold due to fears of contagion, it has become difficult for venture capitalists to assess the progress of projects and their funding requirements. It’s got so bad that VCs have shelved even signed deals with committed capital, preferring to wait until the situation becomes clearer.
Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, held wide-ranging discussions with Yiben blockchain media on Feb 27. These talks covered the regulation of ICOs/cryptos in China and DCEP, the country’s digital currency.