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Asia Tech Review: August 13 2018

Welcome back again, Top news from this week includes: 💸 Major fundraising plans from new media firm B
August 13 · Issue #82 · View online
Asia Tech Review
Welcome back again,
Top news from this week includes:
💸 Major fundraising plans from new media firm ByteDance
⛏ A blockbuster IPO is coming from crypto mining giant Bitmain
🇭🇰 Hong Kong gets its second tech unicorn
🚕 India’s Ola is headed to the UK
฿ Southeast Asia gets its first crypto fund from a traditional VC
See you again next week for more.

ByteDance is raising $3B
Alibaba reportedly plans to merge China delivery businesses and raise billions in funding
Bitmain plans to raise up to $18B in Hong Kong IPO
Google is using a Chinese website to develop list of censored words
Baidu CEO ready to ‘fight again, win again’ if Google returns to China
Walmart co-leads $500M investment in Chinese online grocery service
Didi pumps $1B into its rebranded driver services business
AI giant SenseTime leads $199M investment in Chinese video tech startup
Tencent-backed marketing solutions firm Weimob files for HK IPO
Hong Kong
New unicorn Klook raises $200M to expand its travel activities platform worldwide
Qualcomm settles antitrust investigation
Flipkart-Walmart deal wins competition approval
India government said to be exploring potential to block Instagram, Facebook, WhatsApp and Telegram
Sequoia India and Accel back on-demand scooter startup Bounce in $12.2M deal
Singapore’s Temasek reportedly buys secondary stake in Ola for $225M
Ola plans UK launch
Facebook is revamping its management in India
Mobile app development platform Hansel raises $4M
Japan’s Freee raises $60M to grow its cloud accounting business
Samsung launches Note 9, new Galaxy Watch and more
Spoon Radio raises $17M
Southeast Asia
Grab-Uber deal wins Philippines approval but ‘virtual monopolist’ concern remains
Singapore’s Golden Gate Ventures announces a $10M crypto fund
Go-Jek, Traveloka and Tokopedia invest in insurtech startup
Warung Pintar raises $4M more
Thailand says 50 ICO projects have applied for licenses
Interesting Reads
Western social media is irrelevant to young Chinese internet users – at least until they venture overseas link
Apple plans to revive its flagging India business link
Access to funding is holding Hong Kong back as a start-up hub as Singapore takes the lead link
China startup funding on pace to smash records in 2018 link
Grab big Uber hiring spree didn’t work link
Publicly stunt fail: Airbnb’s Great Wall slumber party isn’t happening after all link
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