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Asia Tech Review: December 4 2018

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Welcome back, We are a little late this week -- apologies for the delay -- but there's a lot to unpac
 
December 11 · Issue #95 · View online
Asia Tech Review
Welcome back,
We are a little late this week – apologies for the delay – but there’s a lot to unpack from the past week of tech news, plus a pretty busy Monday.
In the US, Lyft and Uber have filed for much-anticipated IPOs which makes me wonder when their Asia-based rivals/friends will follow suit, not for some time I’d imagine.
Some of the big talking points include:
👮🏻 The arrest of Huawei’s CFO in Canada
💰 ByteDance is raising MOAR money and planning new services
🇯🇵 Lot of investment action in Japan
🦄 Korea has a new unicorn
🙌🏻 Two of SoftBank’s Asian darlings are teaming up
That’s all for this week, see you on the other side!
Jon
♥️ ATR is totally free so share the love and spread word to friends who will enjoy it ♥️

China
Huawei CFO took part in sanctions fraud, prosecutors say
TikTok parent ByteDance said to raise $1.45 billion for AI and content
Alibaba replaces video streaming boss amid anti-corruption probe
AI start-up Megvii is reportedly raising $500M at $3.5B valuation
China bans many iPhone models in Qualcomm patent dispute
Tencent-backed fleet manager G7 racks up $320M in funding
Ping An's Lufax reportedly raised $1.3B
Didi restructures key units to improve safety following passenger deaths
India
Google is buying 'Where is my Train' app
WhatsApp executives meet government to discuss traceability
CarDekho is reportedly raising $100M led by Sequoia's global growth fund
Essential buys startup CloudMagic
Uber's India business reportedly at $1.6B in annualized bookings
Ola is reportedly shuffling its leadership team
Classified ads startup Quikr raises $7.8M
Japan
Salesforce doubles down on Japan with dedicated $100M fund
Ex-Facebook exec Kirthiga Reddy becomes first female investing partner at SoftBank’s Vision Fund
Google invests in Japanese AI and machine learning startup ABEJA
Sansan raises $26.5M to help Southeast Asia get more from business cards
Korea
Payment service Toss becomes Korea’s newest unicorn after raising $80M
Southeast Asia
Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia
Foxconn considers setting up factory in Vietnam in response to US-China trade war
Experian leads $10M investment in Southeast Asia fintech startup Jirnexu
Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities
Streaming startup M17, still recovering from a failed IPO, raises another $25M
Interesting Reads
The arrest of Huawei’s CFO is spooking US companies with employees in China link
How China is pumping money into media to shape global narrative link
China is on track to beat the US on early-stage funding for the first time link
A great report on why non-English apps are essentially to bringing hundreds of millions of people online in India link
A look at NineBot, the Chinese firm supplying scooters to a host of fast-growing US firm – it counts Xiaomi as an investor link
Really insightful investigation into the brick and mortar offices that help Google’s search engine reach SMEs and business customers in China (questionable how much income it actually makes, but a fun one) link
A look at Chinese fashion player Mogu, how it rejected an Alibaba acquisition offer and made it to US IPO link
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