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Asia Tech Review: April 3 2018

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Welcome back, This is a catchup edition as I've been on vacation for past two weeks. As you may have
 
April 3 · Issue #66 · View online
Asia Tech Review
Welcome back,
This is a catchup edition as I’ve been on vacation for past two weeks. As you may have read, plenty has happened over that period including – of course – the Uber-Grab deal in Southeast Asia.
The ATR Telegram group has been pretty busy during the newsletter break – if you didn’t join yet, the link to the group is here – but normal service will resume next week.
Without further ado, let’s get to it.
See you next week,
Jon

China
China is cutting taxes for semiconductor firms
New plans lure tech firms to list in China
Meituan seeks $60B valuation in Hong Kong IPO
Alibaba's AutoNavi maps business enters ride-sharing
Meanwhile Didi is raising $1.6B to launch a food delivery unit
Related again: Alibaba buys out Ele.me in full
DJI seeks $500M+ for pre-IPO round
Baidu's iQiyi video platform goes public on Nasdaq
China busts smugglers using drones to transport smartphones
Temasek leads $250M investment in edtech firm 17ZUOYE
Xiaomi's Mi Mix 2S is a more powerful take on an already beautiful phone
Huawei net profit jumps 28% despite US issues
‘Fun Headlines’ app Qu Toutiao might go public at $3B valuation
ZhenFund eyes $190m fifth venture fund
Hong Kong
Stock trading startup 8 Securities raises $25M from Nomura
India
Uber reportedly in talks over Ola merger deal
Reliance Jio merges its music service with Saavn to make a $1B player
SoftBank and Alibaba invest $450M into Paytm e-commerce
Google backs online fashion startup Fynd
Apple-Indian government stall on anti-spam approach
Korea
Kakao looks overseas with blockchain company
Southeast Asia
It’s official: Uber sells Southeast Asia business to Grab
Uber-Grab deal may violate competition laws in Singapore
Go-Jek poised for expansion outside of Indonesia
Alibaba doubles down on Lazada with fresh $2B investment and new CEO
AirAsia is considering an ICO
Sinar Mas, Yahoo Japan and East Ventures launch $150M fund
Interesting Reads
Uber’s Southeast Asia exit isn’t the defeat many have pointed it out to be link
But the deal with Grab does call into question its “barge in” expansion strategy worldwide link
Now attention turns to India where Uber has reportedly met Ola several times about potential M&A link
A look at the impact of Reliance Jio in India link
The Chinese government’s new clampdown on VPNs began April 1 link
YouTube is increasingly popular in India but problematic due to fake news and hoaxes link
Grab, AirAsia, and Go-Jek are leading the consumer tech charge into financial services link
Mobile wallets for payment are showing promise in Cambodia link
New York Times writes about Alibaba’s ownership of SCMP, but this is more about implied conflicts than actual scandal link
A startup is hopping on Jeff Bezos’ space rocket to boost internet connectivity in Thailand link
One crypto story >> Telegram’s ICO has now raised $1.7B – that huge amount that may be explained by reports it has canceled a planned public sale due to legal concerns link
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