Asia Tech Review: August 28 2017

Revue
 
Welcome back once again,The single biggest news topic this week is the five-year jail sentence handed
 
August 28 · Issue #49 · View online
Asia Tech Review
Welcome back once again,
The single biggest news topic this week is the five-year jail sentence handed to Samsung heir Lee Jae-yong for bribery among other charges. Now pundits are chewing over how Lee, who is in line to take over the business from his ill father, will handle his succession and day-to-day company affairs while behind bars. 
This isn’t the first case of a chaebol – Korea’s top companies – senior leader headed to prison but it does appear that Korea’s attitude to these megacorps and their unending ability to manipulate the rules for their own gain. Samsung’s revenue is around 20% of Korea’s GDP and that had long granted it ‘special dispensation’ – until now it seems.
See you next week,
Jon

China
Baidu Sells Food Delivery Unit to Alibaba-Backed Startup Ele.me
China Life and Baidu to launch $1 billion internet fund
AI startup Hyper Anna raises $12.5M
Ford set to create a new joint venture to produce electric vehicles in China
India
India's Supreme Court rules that privacy is a fundamental right
Korea
Samsung verdict sends a tough new message to South Korea Inc
SparkLabs launches $50M fund for promising early-stage startups
Southeast Asia
Google launches public Wi-Fi program, YouTube Go and other initiatives in Indonesia
JD.com agrees to Go-Jek investment
Grab is investing $100M into Myanmar
Business messaging service Eko picks up $2M to fuel push into Japan, US and UK
Spotify launches in Thailand to continue its Asia push
Auto giant Continental buys Singapore-based Quantum Inventions for $29M
Interesting Reads
China internet report from 500 Startups’ VC Edith Yeung link
China’s huge push into robotics isn’t impacting national wages… yet link
WeChat’s blockbuster growth hasn’t dented the ambitions of older sibling QQ link
China is the one place Amazon is failing link
The revival of Chinese dialects in Singapore link
Jay Y. Lee’s trial is about more than Samsung link
Chinese startup investments in Southeast Asia link
Chilling story of how Facebook is being used to kidnap brides from Vietnam into China link
And finally… In Japan you can rent a dad link
See you next week!
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Carefully curated by Jon Russell with Revue.
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