Asia Tech Review: August 1 2016

Revue
 
Welcome back,It's been a few weeks since the last email -- I'm quite ashamed -- there's plenty to cat
 
August 1 · Issue #13 · View online
Asia Tech Review
Welcome back,
It’s been a few weeks since the last email – I’m quite ashamed – there’s plenty to catch up on so let’s get straight to it.
Thanks for continuing to subscribe!
Jon

China
Didi Chuxing and Uber will legal in China from November
Baidu suffers record profit decline
Xiaomi clones the Macbook
LeEco is buying Vizio for $2 billion
Opera restructures Chinese buy-out to sell browser business and other units
China bans highway testing of autonomous cars
China now world's most lucrative country for iOS games
Sony to launch PS VR in China in October
India
Rocket Internet finally sells Jabong -- to rival Myntra
Amazon Prime launches in India
Facebook is testing offline video in India
Freshdesk reportedly raising $60M at $600M valuation
Budget hotel network Treebo Hotels raises $17M
Online jewelery store Bluestone raises $28 million
Mywish Marketplaces raises $15M to expand to new financial products
Japan
Nintendo records $49M operating loss as Wii U sales crumble
Sony posts $205M profit as downsized mobile business stops bleeding cash
Pokémon Go goes live in Japan with McDonald’s the first sponsored location
SoftBank to acquire UK’s ARM Holdings for £24.3B
Paidy lands $15M to simplify buying online in Japan
Korea
Strong Galaxy S7 sales push Samsung to biggest profits in over two years
LG Mobile reports $132M loss as flagship G5 gets off to a slow start
Naver to spin off photo-editing app into new company
Southeast Asia
Uber focuses on services as it begins to see profits in Southeast Asia
Go-Jek reportedly raising $400M at $1B+ valuation
Grab is developing a mobile payments platform
Alibaba quietly backed fintech firm M-Daq
Rocket Internet’s GFG closes $365M down round as external investors shy away
Omise lands $17.5M Series B to expand its Stripe-like service
KK Fund announces second fund for early-stage startups in Southeast Asia
aCommerce raises $10M to prepare for Series B
Southeast Asia tech media company E27 raises $2.2M
Interesting Reads
What Flipkart buying Jabong means for India’s online fashion industry link
Why Netflix is struggling overseas link
The story behind Pokémon Go link
Great take on how WeChat built out its payment platform link
Platform wars: the final score link
Why Line’s IPO is good for Japan’s startup ecosystem link
WeChat is taking on WhatsApp in Africa link
Spotify is plotting more expansions in Asia link
In India’s Silicon Valley, dying trees mirror a beautiful city’s dreadful decline link
Uber’s only white driver in Singapore is a divorced mum of two link
Good research on unicorn exits – hint: there aren’t many link
Long read on the 10 year anniversary of Intel Core Duo link
And finally…
300 dead already – crazy story on Philippines President’s brutal crackdown on drugs link
That's All For Now, See You Next Week
 Say hi: jmarussell@gmail.com | @jonrussell | asiatechreview.com
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