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From Eyeglasses to Backpacks, U.S. Firms Scramble as Cornovirus Closes 
Chinese Factories

U.S.-China trade tensions already pushed some companies to rethink where they manufacture. Now the coronavirus has made this more urgent.
US companies with operations in China are feeling the sting. Zenni Optical, a Bay Area eyewear company aired its first Super Bowl ad this month but faced slowed deliveries to customers of several weeks. 
  Flights are canceled, travel is stalled and factories in parts of China have shut down as the coronavirus spreads. 
Factories and businesses traditionally shut down during the Lunar New Year holiday, but this year Chinese authorities are ordering them to remain closed after the holiday period in an effort to contain the disease.
  Palo Alto's Tesla expects a delay of at least a week in Model 3 production at its Shanghai factory because of a government-required shutdown, and other car makers are also grappling with closures. Foxconn Technology, a major Apple supplier, has closed its factories for now.
One major challenge is that operations are interconnected. A factory in Beijing could depend on a small component made in Wuhan, halting the entire process, said David Kaufman, director of global strategies at Nixon Peabody. Car maker Hyundai, for example, recently said it would suspend production in South Korea because the virus had disrupted the supply of parts from China.
In light of the virus, some US companies are assessing whether to bring 
manufacturing back to the U.S. while others are considering other low-cost countries in Asia, said Rosemary Coates, executive director of the Reshoring Institute. 
Read more: Supply Chain Nightmare in SF Chronicle


Qiming Venture Partners   Life sciences software maker Schrödinger (SDGR) rocketed in its debut on Nasdaq, closing up 68%. Qiming Venture Partners  participated in Schrödinger's Series E funding round in November 2018.  

Boustead's Dan McClory Talks China Tariff Cuts and Coronavirus on 'Clearcut with Michelle Makori'

Boustead's Dan McClory talks China Tariff Cuts and Coronavirus on i24 News' Clearcut

Rebecca Fannin talks about the roll-out of 5G and Huawei's win in the UK 


Chinese Abandon Food Delivery Fearing Drivers Will Spread  Virus
China's food-delivery industry is  far more pervasive in than in any other country, serving more than 500 million customers and employing 3 million delivery drivers. But as the virus death toll rises, those delivery workers are being shunned as potential carriers of the disease.
That is rattling the  $36 billion business and every slice of the economy it touches. Restaurants that rely on the services are moribund. Consumers are  scrambling for alternatives. via Bloomberg

WeChat: Who Can Stop? 
WeChat users spend four hours a day engaging with the app. Its ecosystem shows what it really means to be a superapp, via @mbrennanchina. 
WeChat is becoming more commercialized, points out GGV CapitalIn the past month, WeChat has rolled out a paywall feature for official accounts, added eCommerce-friendly features like live streaming and customer review mechanisms in its mini-programs, and enabled enterprise accounts to create WeChat groups and share moments. 
The WeChat Ecosystem