Asia Tech Review: February 27 2017

Revue
 
Welcome back!Originally I sat down thinking that this wouldn't be a long email -- even though it is p
 
February 27 · Issue #32 · View online
Asia Tech Review
Welcome back!
Originally I sat down thinking that this wouldn’t be a long email – even though it is playing catchup because there was no newsletter last week – but it turns out that wasn’t the case. Lots of deal news from Southeast Asia, big developments in China, and more all below.
Highlights:
🐜 Another major Ant Financial deal, this time in Korea
💰 Baidu’s video service gets a $1.5 billion boost
❄️ Line doubles down on sister company and Snapchat clone Snow
Mobile World Congress, an event where phone companies tend to showcase their newest wares, is this week, so there could be a lot of hardware updates in the next issue.
See you next week!
Jon

China
Baidu says its medical advertising saga is behind it
China is developing its own digital currency
Baidu’s iQiyi video service raises $1.53 billion
Tencent in talks to invest in Indonesia's Go-Jek
500 Startups reboots its efforts in China, but there’s no dedicated fund
Temasek jumps into China’s bike-rental startup war with investment in Mobike
India
India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon
Uber is working on road mapping in India
Microsoft announces Skype Lite for low connectivity areas
Airbnb for homestays Stayzilla is closing down
Xiaomi India head becomes "Global VP"
Japan
Nintendo sues firm hosting real life Mario Kart races
Line increases its investment in Snow
Korea
Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay
Southeast Asia
Singtel’s digital ad division Amobee acquires Turn for $310M
Indonesia’s Kejora announces first close of $80M fund
Indonesia’s Printerous raises $1.4M to digitize traditional printing
Nida Rooms closes series A at $5.6m
mClinica raises $6.3M to map healthcare data in Southeast Asia
Rocket Internet’s Zalora is retreating from two more countries
Interesting Reads
Must read argument that Facebook’s power needs checking/regulation link
Great read >> Once poverty-stricken, China’s “Taobao villages” have found a lifeline making trinkets for the internet link
Weibo will soon have more users than Twitter link
Inside Huawei’s vast effort to win the smartphone market link
How mobile technology is transforming lives in rural India link
This YC company is digitizing milk delivery in India link
Don’t expect iPhone prices to suddenly drop in India if Apple begins assembling devices locally link
Ant Financial’s global expansion playbook link
Did you enjoy this issue?
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Carefully curated by Jon Russell with Revue.
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