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Asia Tech Review: February 12 2018

Welcome back, Chinese New Year is Friday so expect this week's news to slow down as we march closer t
February 12 · Issue #61 · View online
Asia Tech Review
Welcome back,
Chinese New Year is Friday so expect this week’s news to slow down as we march closer to the holiday period. Already it is having an influence on the news with a police pilot of facial recognition glasses bringing concern around a dystopian, internet-connected future to life.
Alibaba is rushing through deals before the break, too. Last week it poured nearly $500 million into two Indian startups, this week it shelled out over $1 billion on retail-focused investments in China.
In IPO news, Xiaomi is tipped to go public this year but close partner (and portfolio company) Huami went first with a NYSE IPO this week. While it looks like Alibaba’s Ant Financial is edging closer as well following reports of a huge raise coming soon.
I’ve been getting into Telegram lately, and if you are too then you might want to check out the ATR group (click here) while I’ve also been tinkering around with a news channel. You can subscribe to get notification of stories I find interesting in real-time by following the channel here.
Long intro over, see you next week!

Chinese police trial facial-recognition glasses for surveillance
Didi drives into car rentals
Alibaba makes double retail investment
Xiaomi’s wearable device partner Huami raises $110M in NYSE IPO
Tencent is investing $474M in Shanda Games
Google hit with anti-trust fine
WhatsApp has launched person-to-person payments into beta in India
The latest victim of China’s great firewall: cryptocurrency websites
Swiggy raises $100M from Naspers and China's Meituan Dianping
After CryptoKitties announce landing in China, Baidu launches cryptodoggies
Walmart reportedly in talks to invest in Flipkart at a $20B valuation
Watch Ehang’s passenger drone take flight
Toyota invests $69M in Uber rival JapanTaxi
China’s Didi partners with SoftBank to launch taxi-hailing services in Japan
SoftBank’s Vision Fund has already spent over $35 billion on investments
Samsung's Jay Y. Lee released on appeal
Southeast Asia
Cambodian PM allegedly bought Facebook Page likes
Singapore won’t ban cryptocurrency trading, but be warned of the risks
Interesting Reads
Behind Tabi Kaeru, the Japan app about a traveling frog that became a Chinese viral hit link
A look at Alibaba’s strategy in India link
Foxconn, best known for making hardware like iPhones, is moving into AI and internet of things link
What Sequoia’s Mike Moritz doesn’t understand about startups in China link
Profile of David Wallerstein, who leads Tencent’s ‘Moonshot’ investments link
For more on Wallerstain, I spotlighted this YC podcast with him last year and it remains hugely insightful link
China’s influencers are starting their own brands link
Report on e-commerce in Southeast Asia link
CRYPTO KLAXON: Coindesk’s 2018 review link
And finally… Myanmar’s government arrested two Reuters reporters for their hand in this story that implicates the military in the campaign in the killing of Rohingyas in Rakhine – not tech but an important read link
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