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Asia Tech Review: February 18 2019

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Welcome back, Thailand is the midst of a sort of four-day weekend (Monday isn't universally a day off
 
February 18 · Issue #104 · View online
Asia Tech Review
Welcome back,
Thailand is the midst of a sort of four-day weekend (Monday isn’t universally a day off) but I snatch any chance for a long weekend, so here we are with a delayed newsletter this morning/afternoon. Forgive me, but I got some extended time offline so that’s the positive silver lining.
Getting down to business and looking back at the past week of news for highlights, we have:
💳 Alibaba bought UK-based WorldFirst for around $700M
🚕 Didi laid off 15% of staff but it still actively expanding
🛍 Fashion startup Zilingo raised $226M at nearly a unicorn valuation
🏦 In India, Pine Labs and DailyHunt are reportedly close to new rounds
That’s all for this newsletter, see you again next week!
Jon
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China
Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M
Didi is laying off 15% of its staff
Apple iPhone shipments plunge in China with Huawei gaining ground against wider industry slump
Tencent in talks with new EA hit Apex Legends to China
Xiaomi-backed electric toothbrush Soocas raises $30 million Series C
China is building 5G networks into new roads
India
ByteDance pushes government relations
Oyo gets $100M from Didi
India shipped record 142.3 million smartphones in 2018
As Indian election looms, Facebook steps up fact-checks
Pine Labs reportedly eyes unicorn round
Goldman Sachs is reportedly investing $60M in Dailyhunt
Ola is reportedly buying 26% of carpooling app sRide
Japan
Japan sets sights on tighter anti-trust regulations for Big Tech
Japan's Dynamic Map Platform is buying Detroit-based map startup Ushr for $200M
KDDI buys online brokerage Kabu.com
Korea
Southeast Asia
Zilingo raises $226M to digitize Asia’s fashion supply chain
Indonesia-focused Intudo Ventures raises new $50M fund
Go-Jek reportedly seeks additional $1B in funding round
Apple is struggling in Thailand
Grab integrates its food service into core app
Google Station heads to the Philippines
Cambodia launches startup professional service alliance
Interesting Reads
A look at Go-Jek’s efforts to rival Grab across Southeast Asia link
A security researcher found an unsecured database of what appeared to be information on Uyghur Muslims in Xinjiang, far from dormant its activities included nearly 6.7M GPS coordinates captured in 24 hours link
TikTok has been widely praised for being a ‘social media savior’ but we know little about how it selects content and it is planning advertising soon link
OYO’s ambition in Southeast Asia link [🔒 yet another reason to subscribe to The Ken]
How Huawei has grown link
Sex services in India have migrated to Instagram using Paytm for billing link
Ola versus Uber in India link
That's all for now -- see you next week
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