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Asia Tech Review: April 16 2018

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Welcome back, This week is Thai New Year, which means a lighter than usual newsletter since I took so
 
April 16 · Issue #68 · View online
Asia Tech Review
Welcome back,
This week is Thai New Year, which means a lighter than usual newsletter since I took some time off.
Highlights include:
  • $1B round for lesser-known e-commerce firm Pinduoduo
  • AI giant SenseTime raised $600M at a valuation of over $4.5 billion
  • WeWork China bought up rival Naked Hub
  • Toutiao-owner Bytedance in trouble with Chinese censors again
  • Alibaba’s Ant Financial said to be raising at $150B valuation
  • Stories of Facebook trouble in India, Sri Lanka, Myanmar and Vietnam
  • Singapore’s regulator forces Grab to delay shutting Uber app again
See you again next week – or perhaps sooner in the ATR Telegram group, which is nearly at 300 members: t.me/asiatechreview
Jon

China
Little known e-commerce now valued at $15B
Alibaba's Ant Financial to raise $9B at valuation of $150B
WeWork buys Chinese rival Naked Hub for $400M
Authorities in Western China force citizens to download 'cleansing' app
SenseTime, the world’s highest valued AI startup, raises $600M
Bytedance has its wings clipped by the government again
Didi integrates public transport options
India
Coinsecure implicates employee in $3M theft
WhatsApp is looking to hire an India head for the first time
TravelTriangle raises $12M to digitize India’s travel bookings
Online lending startup Aye Finance lands $4.6M
Google Home and Google Home Mini launch in India
Japan
Lyft is considering entering Japan’s challenging ride-hailing market
Southeast Asia
Groups in Myanmar fire back at Zuckerberg
Facebook accused of helping Vietnamese government crack down on dissent
Singapore orders Grab to delay closing Uber app for an additional 3 weeks
Allianz confirms $35M investment in Go-Jek
Exit scammers run off with $660 million following Vietnamese ICO
Interesting Reads
Offline is the new online for China’s e-commerce giants link
Google, Facebook and Twitter are doing little to prevent their platforms being abused around the upcoming Indian election link
Why Sri Lanka temporarily shuttered Facebook for its usage inciting ethnic violence link
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