China-Asia Ecosystem Newsletter - May 2020

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WeChat Pay creates a credit rating, called 'payment points', which is calculated by AI assessment of their consumer records and other factors.

Alibaba says it will invest ~$1.4B in an AI-powered IoT system for its Tmall Genie smart speaker line.

China-based Tencent says it will invest ~$70B over the next five years in cloud computing, AI, IoT, cybersecurity, and more.

Ant Financial has announced to invest US$73.5 million in fintech firm Wave Money as part of a strategic partnership to boost financial inclusion in Myanmar.

Samsung will launch the card, which will be backed by a cash management account, in partnership with personal finance company SoFi.

Japan-based messaging platform Line says it will launch a telemedicine service this summer; the app will be operated by subsidiary Line Healthcare.