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Asia Tech Review: April 9 2018

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Welcome back,Plenty of action last week for this newsletter, including the sale of Mobike to Meituan
 
April 9 · Issue #67 · View online
Asia Tech Review
Welcome back,
Plenty of action last week for this newsletter, including the sale of Mobike to Meituan Dianping for $2.7 billion, reports that Amazon to hijack Walmart and make a deal for Flipkart, and Grab giving the soon-to-shutter Uber app an extra week of life in Singapore and the Philippines due to regulatory demands.
Added to that today – because this week’s newsletter is going out a little later than usual – China’s SenseTime, already the world highest-valued AI startup, just raised new funds at a valuation that exceeds $3.5 billion.
Plenty more to read, as ever.
Catch you again next week, or in the Telegram group chat at t.me/asiatechreview.
Thanks
Jon

China
SenseTime raises $600M at a valuation of over $3.5B
Meituan Dianping buys Mobike for $2.7B
Didi confirms new food delivery business
Ctrip bags licence to offer ride-hailing services
Alibaba is preparing to invest in Grab
DJI's pre-IPO round closed at $15B valuation
ZhenFund eyes $190m fifth venture fund
A bunch of news apps disappeared from Chinese app stores
India
Ola could add public transport services after buying Ridlr
Amazon linked with Flipkart bid
Google may release a mid-range Pixel smartphone in India this summer
Japan
Hacked crypto exchange Coincheck sold for $34M
Line forms blockchain subsidiary
Japan is paying tech engineers more than ever
Korea
Samsung profit climbs to record on strong memory-chip demand
LG forecasts record Q1 profit despite its struggling smartphone division
Southeast Asia
Grab delays shuttering Uber app as Singapore and Philippines regulators probe merger deal
Group disputes Zuckerberg claim on Myanmar race hate incident
Zilingo raises $54M Series C
Indonesia threatens to shut down Facebook if consumer privacy is breached
Malaysia approves 'fake news' law despite concerns
Singapore-based smart lock maker Igloohome raises $4M
Startup studio Antler debuts with $3M seed round
Interesting Reads
Meituan’s acquisition of Mobike is really about consumer transportation data link
A look at how South Korean consumers invested in (and often) on crypto link
Regulators are pouring over the merger, but Grab already has what it wants: Uber’s exit from Southeast Asia link
How Coconuts, which came to prominence writing viral content about Southeast Asia, is pushing a new membership option link
In Southeast Asia, it may be a blessing if your driver isn’t using Google Maps link
Why Southeast Asia’s politics are a problem for Facebook (and this doesn’t even mention Thailand or Indonesia) link
Some data science on the newly released Trump and China tariffs link
The case of Hong Kong’s missing booksellers link
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