Asia Tech Review: August 21 2017

Revue
 
Welcome back,Two names dominated Asia's tech news last week...Tencent and Alibaba released blockbuste
 
August 21 · Issue #48 · View online
Asia Tech Review
Welcome back,
Two names dominated Asia’s tech news last week…
Tencent and Alibaba released blockbuster quarterly earnings that have put the two companies squarely into the minds of US investors, if they weren’t already.
The week also saw a major deal in Southeast Asia, as Alibaba led a billion dollar investment in Indonesia-based e-commerce company Tokopedia. Not really a huge surprise, I wrote recently that Tencent and Alibaba are carving up Southeast Asia’s top tech companies with investment – both had held talks with Tokopedia – and we also know that Alibaba is getting serious about emerging markets India and Southeast Asia.
See you next week,
Jon

China
Alibaba, Tencent, Baidu, Didi and others invest in China Unicom
Facebook is quietly testing a social app in China
US government is investigating Chinese IP theft allegations
Alibaba’s profit doubles to $2.1 billon
Tencent's mobile games business is more lucrative than PC games for the first time
China targets e-commerce sites selling VPNs
China now has a dedicated court for internet-related legal cases
Beijing gets Android app for public transport system
AI chip maker raises $100M at a reported valuation of over $1B
India
CEO of Infosys, one of India's largest businesses, quits
Japan
Japanese social recruiting startup Wantedly set to IPO next month
Monstar Lab gets $6.3 million to enter Europe
Korea
Southeast Asia
Alibaba leads $1.1 billion investment in Tokopedia
Singapore's Obike raises $45M
Uber gets a new head of Asia
Uber is in a right mess in the Philippines
Sale Stock raises $27M
Gobi Partners makes the first close of new $200 million fund
Google tests lightweight search app in Indonesia
Interesting Reads
I wrote about an interesting startup that helps impoverish farmers in rural India get access to quality machinery using an Uber-style approach link
China’s plan for world Domination in AI isn’t So crazy after all link
Related: Great read on ’Technonationalism’ in China link
Taiwan, at the heart of the world’s tech supply chain, has a serious electricity problem link
Sexism is tech is at another level in China link
China sets up clearing house for online payment services link
Alibaba and Tencent have been US stock market darlings this year link
And yet… a large part of Tencent’s financials are seriously opaque link
SoftBank filings confirm it’s taking extra risk with Vision Fund link
Politics: Hong Kong is symbolically jailing three young pro-democracy activists link
See you next week!
Send friends, family, colleagues and anyone else interested in signing up to this newsletter to asiatechreview.com.
Did you enjoy this issue?
Thumbs up 1ae5a7bdfcd3220e2b376aa0c1607bc5edaba758e5dd83b482d03965219a220b Thumbs down e13779fa29e2935b47488fb8f82977fedcf689a0cc0cc3c19fa3c6bb14d1493b
Carefully curated by Jon Russell with Revue.
If you were forwarded this newsletter and you like it, you can subscribe here.
If you don't want these updates anymore, please unsubscribe here.