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Asia Tech Review: December 24 2018

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Welcome back, Another busy week in Asia as the year draws to a close -- top stories: ☠️ Google's 'Pro
 
December 24 · Issue #97 · View online
Asia Tech Review
Welcome back,
Another busy week in Asia as the year draws to a close – top stories:
☠️ Google’s ‘Project Dragonfly’ for China is “effectively dead”
🕹 China will being issuing gaming licenses again
💸 Facebook is apparently developing a stablecoin to deploy in India
💲 India’s Swiggy raised $1 billion
🚖 Grab is set to net up to $1.5 billion from SoftBank’s Vision Fund
📉 Speaking of SoftBank, its Japanese IPO got off to a rocky start
There’s much more, as always, and you can keep up with news at it happens in both the ATR Telegram Group and the accompanying news channel on Telegram.
And finally, Merry Christmas to all those who celebrate it 🎅🏻🎄🎁 !
See again next week for the final time in 2018,
Jon
♥️ ATR is totally free so share the love and spread word to friends who will enjoy it ♥️

China
Google’s plan to launch products in China has been “effectively ended”
China is restarting game approvals
Mobike founder Hu Weiwei quits as CEO
Fourth Paradigm becomes China's latest AI unicorn after raising $150M
Meituan teams up with Starbucks rival Luckin
BMW’s premium ride-hailing service is now live in China
Lightspeed is raising its largest China fund yet – TechCrunch
Baidu leads $87m Series D round in smart lock startup YunDing
Hong Kong
Bowtie raises $30M to bring the digital insurance model to Hong Kong
Hong Kong regulators say IPOs by cryptocurrency businesses are premature
India
Facebook is reportedly developing a cryptocurrency for WhatsApp transfers
India's government denies telling federal agencies that they can snoop on every computer, despite an order that seemingly says they can
Swiggy lands $1 billion round at $3.3 billion valuation
Byju’s targets global expansion for its digital education service after raising $540M
Flipkart is planning a video streaming service
Ola invests $100M in scooter rental startup Vogo
Moglix raises $23M to digitize India’s manufacturing supply chain
Xiaomi gets approval to launch payment service
Japan
SoftBank's $23B IPO didn't go well
Korea
Food delivery startup Woowa Bros lands $320 million investment
Southeast Asia
SoftBank’s Vision Fund is preparing to invest $1-$1.5 billion in Grab
Facebook purges more ‘bad actors’ in Myanmar but it still won’t commit to a local office
Netflix rival Iflix offloads its Africa business to focus on Asia
500 Startups Vietnam launches $100k investment accelerator program
Interesting Reads
Inside Shenzhen’s race to outdo Silicon Valley link
Apple is struggling to make an impact in India’s smartphone market link
How Grab mapped over volunteer edits in Thailand using remote employees link
Red tap is preventing startups like Airbnb and Uber in South Korea link
A look at which Indian startups expanded overseas in 2018 link
ByteDance is suing a Chinese news site that wrote about its fake news problem in India link
A review of SoftBank in 2018 link
Local GPS systems are being developed across Asia link
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