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Asia Tech Review: December 19 2016

Welcome back, I've been rushing around like a mad man these past few months, but finally had a week a
December 19 · Issue #25 · View online
Asia Tech Review
Welcome back,
I’ve been rushing around like a mad man these past few months, but finally had a week at home (in Bangkok) to reflect. I realized that, for now at least, I feel most at home in a place with the hustle, bustle and constant change like Southeast Asia, although I do value the relative calm and organization of London and other cities. The cool weather is a nice break too, just not for too long. Tech-wise, though, honestly nothing can compete with Asia for me when it comes to the potential impact, and we are starting to see new ideas and business models that are born in Asia for Asia, too.
On to this issue, the last one before Christmas, here’s what’s up:
🤑 Chinese selfie app raises $630M in Hong Kong IPO
🐣 Twitter built a messaging app, but killed it
💸 Gaming firm Garena is plotting a billion-dollar US IPO
See you again next week – merry Christmas to those who celebrate it ☃️

Selfie app maker Meitu goes public in lukewarm IPO
BlackBerry grants China's TCL rights to its smartphone brand
Faraday Future is struggling to build a Tesla rival
Southeast Asia & Taiwan
Interesting Reads
Twitter built an instant messenger product but killed it
Wudstay shuts budget hotel aggregation business
New regulation may set a minimum fare for Ola and Uber rides
India’s NoBroker raises $7M more to connect home owners with buyers and renters directly
Android Pay launches in Japan
Online Korean beauty store Memebox raises $60M
Kakao’s content business raises $106M
Garena is planning a $1 billion IPO in the US
Next Entertainment raises $25 million for hyperlocal live broadcasting platform
Thailand's junta strengthens online censorship with new cyber law
Grab introduces carpooling in Singapore
Uber partners with Indonesia's second largest taxi firm
Taiwan raises fine for Uber drivers
SoftBank leads $1.2B investment in satellite internet company OneWeb
Mobile is eating the world: The state of mobile in 2016 link
Silicon Valley culture, not companies, are admired in China link
Southeast Asia is shaping up for Alibaba vs Amazon link
Why Amazon Prime Video didn’t launch in China link
Tencent is rivaling Spotify and Apple in Asia with its Joox app link
A Bitcoin mine in the mountains of Sichuan link
Coworking spaces are a hot trend in China link
Social media is where people shop in Southeast Asia link
India’s 71-yo Mahindra Group wants startups to flourish in its tractor garages link
India’s top startups want the government to protect them from foreign rivals link
Uber on why company added cash payments for emerging markets link
And finally: British Villagers are baffled by flocking Chinese tourists link
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