Asia Tech Review: April 17 2017

Revue
 
Hello folks,Huge apologies for the recent lack of activity on the newsletter -- this is the first iss
 
April 17 · Issue #37 · View online
Asia Tech Review
Hello folks,
Huge apologies for the recent lack of activity on the newsletter – this is the first issue for April due to holidays and other less credible reasons.
Lots to catch up on from this month, so I’ll let you get straight into it.
See you next week,
Jon

Mainland China
News app Toutiao reportedly raises $1B led by Sequoia at $12B+ valuation
Police in Chongqing can now fine people for using a VPN
LeEco's $2 billion acquisition of Vizio falls through
Ant Financial may have won MoneyGram deal after lodging new $1.2B bid
Used car platform Souche.com lands $180m Series D
Volkswagen invests $180M into AI firm Mobvoi to create smart technology for cars
Google makes its Translate mobile apps available for users in China
Tencent’s 2016 tech executive pay surpasses Apple and IBM
Greater China
Tink Labs could become Hong Kong's first tech unicorn
Uber returns to Taiwan after partnering with licensed rental car companies
India
Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at $11.6 billion valuation
No Snapdeal sale to Flipkart for now as SoftBank fails to convince board
Ola valuation falls to $3 billion after raising funds from SoftBank
Google launches food delivery and home services in India
WhatsApp to reportedly launch payments in India in 6 months
Online grocer BigBasket reportedly raising $150M at $1B valuation
HackerEarth raises $4.5M to bring ‘hacker culture’ into corporate companies
Apple opens an "App Accelerator" in India
Japan
Rakuten launches HTML5 games network
Rakuten invests $2.8M in ‘Airbnb for business travel’ startup MetroResidences
Korea
Samsung forecasts best quarterly profit in over three years
Google reportedly investing $875M in LG Display's OLED panel supply
Southeast Asia
Grab makes first major acquisition to build out its payments platform
Alibaba’s Ant Financial to develop services in Indonesia
AdAsia, an ambitious one-year-old ad tech startup, raises $12M for expansion
Thailand made it illegal to contact three critics of its regime
Zen Rooms raises $4.1M to expand its budget hotel network
99.co raises $7.9m from Sequoia India and Eduardo Saverin
First Circle raises $1.3M for its SME lending service in the Philippines
Migme considers delisting from ASX
Must Reads
The Economist on China’s innovation “hothouse” Shenzhen link
New York Times feature on Uber in India – complete with controversial quotes from Uber execs link
The head of the Financial Times in China discusses censorship link
Report shows investment in Southeast Asia’s startups has slowed link
India’s national ID program has been criticized for potential surveillance link
Chinese companies are disrupting US tech firms in India link
Inside Xiaomi’s big plans for India link
Xiaomi CEO on why he wants to be likened to Costco not Apple – but still unclear if Xiaomi can pull off the ‘ecosystem’ play link
Automation is going to hit emerging markets harder than the US link
Android overtakes Windows as the internet’s most used operating system link
The rise of bike-sharing startups has spread from China to the US link
Why New Zealand is become a destination for tech workers following the US election link
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Carefully curated by Jon Russell with Revue.
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