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Asia Tech Review: February 11 2019

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Welcome back, Lunar New Year last week slowed down the news cycle, but still there were some signific
 
February 11 · Issue #103 · View online
Asia Tech Review
Welcome back,
Lunar New Year last week slowed down the news cycle, but still there were some significant developments
💰 Tencent is reportedly invested in Reddit
💸 Pinduoduo is raising another $1 billion
🇮🇳 Amazon restructured its joint ventures in India following new regulation
🚫 Facebook banned four ethnic armed groups in Myanmar
Expect to see things come back to life again, particularly in terms of Chinese tech news, this week while Mobile World Congress – the big show for new smartphones and telecom – takes place at the end of February so the lull won’t last long.
That’s all for this newsletter, see you again next week!
Jon
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China
Pinduoduo is raising over $1 billion more
Movie-ticketing app Maoyan makes weak Hong Kong debut
Tencent is investing in Reddit at $3 billion valuation
India
Amazon returns product to India store after joint venture ownership rejig
Morgan Stanley warns Walmart may exit Flipkart
Oyo is reportedly in talks to buy Keys Hotels
BigBasket reportedly valued at $1B following new round
Swiggy acquires AI startup Kint.io
Japan
Sony stock jumps after first-ever share buyback announcement
SoftBank Vision Fund dumps entire $3.6 billion stake in Nvidia
SoftBank sees quarterly profit jump and heralds 5G growth
Line injects $182M into its mobile payment business
Southeast Asia
Thailand launches Huawei 5G test bed
Facebook bans four armed groups in Myanmar
Huobi launches USD gateway
Musiio raises $1M to let digital music services use AI for curation
Vietnamese blogger vanishes after fleeing to Thailand
Indonesian airline Garuda in talks with Go-Jek to provide logistics support
Philippines investors launch startup group
Interesting Reads
The Internet is the new battleground between the US and China link
Ofo’s incredible rise and fall link
Flipkart founder Binny Bansal talks about his startup consultancy project link
How Facebook uses a local partner to sell advertising in China link
Inside Wisconsin’s disastrous $4.5 billion deal with Foxconn link
WhatsApp explains how it fights spam and fake accounts in India link
A profile of DJI and its rise from a college dorm project link
How WeChat digitized the tradition of red packets during Chinese New Year link
An interview with the reclusive founder of Vivo, Oppo and One Plus link
Great read on the future of Fortnite and why it could become (even more) influential than it is now link
The Guardian is using robot reporters link
Turkey has joined the voices condemning China’s mass detention of its Uighur Muslim population (an estimated 1 million have been held in camps) link
That's all for now -- see you next week
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