More: TikTokâs US ban delayed, and AI-driven autonomous ships from Japan
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Covid-19 has led to a boom for any solution that helps people live their lives remotely. So it's natural that telehealth startups, whose tech allows us to see a doctor from the safety and comfort of our homes, experienced a quick spurt at the start of the pandemic.
Putting a finger on the pulse of the industry, weâve found that players in the space have expanded into overall wellness after growth previously tapered off. One company has even established physical clinics in its omnichannel strategy.
Today we look at:
- One telehealth startupâs [current and future plans](
- JD Healthâs impending IPO
- Other newsy highlights, such as the latest twist in the TikTok US ban saga and AI-driven autonomous ships from Japan
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PREMIUM SUMMARY
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Physical clinics in the telehealth industry? Itâs more likely than youâd think
Covid-19 has sped up the development and adoption of telehealth in a big way. Besides offering users a safe and easy way to consult physicians, telehealth platforms could also be the solution to the lack of adequate medical services that plague those living in Asiaâs rural areas.
This led to analysts being bullish on the global telemedicine market, which is projected to reach US$175 billion by 2026, up from US$45 billion last year. But despite this, the tailwind blowing behind startups like Doctor Anywhere (DA) has petered out, leading it to explore other strategies.
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Off-screen time:Â DA delivers prescriptions and medical certificates to patients and provides home-based health screening and vaccinations.
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A nurseâs touch:Â Much like its regional peer HaloDoc, DA has set up physical clinics in order to respond to early user feedback that indicated âa fair bit of distrustâ toward the service, says DA CEO Lim Wai Mun. But sources say it is a pivot from an unworkable pure telehealth model. Only time will tell.
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A broader vision:Â DA is launching in the Philippines soon - after Vietnam and India - even though its CEO acknowledged that progress in its latest market, Malaysia, has been slow. Whatâs in store for the firm? Has it bitten off more than it could chew?
Read more:Â [Telehealth startup Doctor Anywhereâs surprise move: Opening physical clinics](
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TECH SPOTLIGHT
JD Health listing in Hong Kong
JD Health, the healthcare unit of ecommerce giant JD.com, has [filed its draft prospectus for a listing in Hong Kong]( making it the third affiliate of the company looking to go public this year.
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Established last year, JD Health acts as an ecommerce platform for pharmaceutical products, medical supplies, vitamin supplements, and traditional medicines, among others.
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On the rise:Â The company recently announced that it generated US$1.3 billion in revenue during the first half of 2020, registering a year-on-year growth of 76%.
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A competitive field:Â JD Health is competing against Alibabaâs healthcare subsidiary AliHealth, Tencent-linked WeDoctor, and Ping An Good Doctor as the Covid-19 pandemic drives market interest in healthcare and biotech opportunities.
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QUICK BITES
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1ï¸â£ TikTok US ban delayed
A US federal court has [delayed the ban]( of the app as it continues to consider the moveâs legality and whether the app poses a risk to national security as the Trump administration claims.
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2ï¸â£ AI-driven ships are coming from Japan
A consortium of Japanâs shipbuilders, shipping companies, and tech firms are uniting to push the development of [autonomous ships driven by AI]( within five years. Spurred on by chronic labor shortages and the risks of navigating boats through hazardous shipping routes, itâs a matter of âwhenâ and not âifâ this will happen.
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3ï¸â£ US restrictions hit Chinaâs largest chipmaker hard
The Trump administrationâs export restrictions have caused the shares of Semiconductor Manufacturing International Corp. (SMIC) to [slump as much as 7.9%]( adding to the chipmakerâs 25% loss for the month.
Also listed in Shanghai, SMICâs stocks there retreated as much as 6.6% to the lowest level since its July debut.
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4ï¸â£ Robots to the rescue for Japanâs food industry
SoftBank's robotics arm will be bringing a [food service robot]( - developed by California-based Bear Robotics - to Japan as restaurants grapple with labor shortages and seek to ensure social distancing during the Covid-19 pandemic.
The robot, named Servi, has layers of trays, and is equipped with 3D cameras and Lidar sensors for navigation. It will launch in January.
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5ï¸â£ New dates for Amazon Prime Day
Typically held in mid-July, Amazonâs Prime Day has been pushed back due to the pandemic - it will be held [on October 13 and 14 this year](. In a statement announcing its Prime Day plans, Amazon acknowledged the harm the pandemic had done to small businesses, and sought to portray its online bazaar as a way to support them.
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6ï¸â£ Tesla secures a new source of lithium ore
Australian mining firm Piedmont Lithium announced that it has signed [a five-year deal with Tesla]( to supply high-purity lithium ore mineral to the US electric carmaker.
This comes on the heels of Teslaâs Battery Day presentation last week, when Elon Musk shared his vision of proprietary âtablessâ batteries that should allow the firm to reduce production costs significantly.
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SPONSORED
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EVENTS HAPPENING
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** Live Event **
The F-Word: Is Funding really as simple as Series ABC? on Wednesday, September 30
This is part of Tech in Asiaâs âNo BSâ series, where we play the devil's advocate alongside Adrian Lee from TribeCar and Aaron Tan from Carro. In this unscripted panel, we'll have a candid discussion on the impact of funding - a great thought starter if you're undecided on whether you should raise funds. Core or Live subscribers can [attend the event at no additional charge](.
- Tech in Asia x Surge: Startup Arena Pitch Battle Semifinals
[Indonesia edition]( September 29
[Other Southeast Asia countries edition]( October 1
- Day 1 in the Cloud: Getting Started with AWS on Thursday, October 15
How important is having a solid technology infrastructure to scale your startup? Hear from startups who have been there, done that. [RSVP now](
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Tech in Asia Virtual Conference from October 19 to 22.
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WHO'S HIRING
- [UI/UX Designer]( at Yojee (Singapore, Singapore)
- [People Operations Manager]( at Socialights Indonesia (Jakarta, Indonesia)
- [Senior Android Engineer]( at Ice House (Jakarta, Indonesia)
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Todayâs edition is written by Winston Zhang, with contributions from Joseph Gan and Miguel Cordon. Itâs edited by Jaclyn Teng.
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