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Asia Tech Review: December 19 2017

Welcome back,Google opened an AI lab in China, Tencent Music is planning a massive IPO, Ola bought Fo
December 20 · Issue #55 · View online
Asia Tech Review
Welcome back,
Google opened an AI lab in China, Tencent Music is planning a massive IPO, Ola bought Foodpanda and an essential study on Southeast Asia’s tech space was released. All of that, and more, in this week’s (slightly belated) newsletter.
See you again next week, or perhaps sooner if you’re in the Telegram group, which is now close to 100 members:

Google is opening a China-based AI research lab
Tencent and invest $863M into e-commerce firm Vipshop
Alibaba shows off ‘car vending machine’ which will launch in China next year
Tencent Music plans $1B IPO at $10B valuation
Baidu and China Life launch $2B fund to back AI companies
Ola acquires FoodPanda India business
India’s Vahdam Teas raises $1.4M to bring fresher tea to your door faster
Teabox raises $7M for its global tea-commerce business
Google X to use laser beam tech to connect Indian state
Japan’s Google Lunar XPrize finalist gets $90m for moon mission
Crypto exchange Youbit shuts down after second hack
South Korea is weighing how to regulate bitcoin
Southeast Asia
Google: Southeast Asia’s internet economy is growing faster than expected
NSI Ventures hits first close on new $125M fund for Southeast Asia
Techstars is launching its first accelerator program in Asia in partnership with Rakuten
Go-Jek buys three startups to advance its mobile payment business
Uber doubles down on Indonesia after hiring its first country president
Grab enters Cambodia, opening a new front in its battle with Uber
Interesting Reads
Xiaomi and Huawei are in talks with carriers to launch in the US link
A look inside China’s credit score ranking system link
Uber, Grab and others can’t defeat the ‘taxi mafia’ in some of Asia’s hottest tourist destinations link
China’s CCTV surveillance network took just 7 minutes to capture a BBC reporter link
The US finally pointed the finger at North Korea for this year’s WannaCry cyber attack link
Reporter explains how Myanmar Times imploded after the country’s first democratic election link
WheelStreet is bringing dock-less motorbikes to India’s cities link
China’s tech investors fear a bubble link
See you next week!
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