Asia Tech Review: February 5 2018

Revue
 
Welcome back!Last week was earnings time for many big firms in Asia. Good news if you like numbers. F
 
February 5 · Issue #60 · View online
Asia Tech Review
Welcome back!
Last week was earnings time for many big firms in Asia. Good news if you like numbers. For the rest of us, thankfully, those big firms reporting financials also tossed in actual nuggets of news worth reading.
Samsung confirmed it is making chips for bitcoin mining… Line said it’ll introduce crypto trading inside its chat app… Alibaba revealed a trio of big investments… Nintendo teased plans to bring another classic game (Mario Kart) to mobile… while Sony’s CEO announced he is stepping down.
There’s more beyond that, too, including another good quarter for Apple in China, bitcoin regulation updates in India and Korea, and an interesting read on how WhatsApp is now a staple part of how Indian families interact.
Catch you again next week – or sooner if you join the Telegram group at https://t.me/asiatechreview
Jon

China
Alibaba market value tumbles $30B after margins decline
Apple’s China sales grow for second straight quarter on strong iPhone demand
Foxconn pledges $340m for AI venture
Tencent leads $5.4 Billion Investment in Wanda Commercial
Sequoia Capital plans $8B global fund
Baidu accused of hurting Toutiao owner ByteDance
China's first bitcoin exchange acquired by Hong Kong investors
Google completes its $1.1B deal to buy a chunk of HTC’s smartphone division
Google confirms investment in Indonesia’s ride-hailing leader Go-Jek
India
India hasn’t banned Bitcoin — but it’s still talking tough on crypto
BigBasket receives $200 million in a round led by Alibaba
Zomato raises $200 million from Ant Financial
BrowserStack hauls in $50M Series A from Accel
Virtual travel assistant Mezi acquired by American Express
Ola is expanding to Australia in first overseas move
Japan
Kaz Hirai steps down as Sony CEO, CFO is replacement
Nintendo earnings beat: Switch sale forecast increased to 15 million
Line announces plan for cryptocurrency services, loans and insurance
Korea
Another big quarter for Samsung
Government confirms plan to regulate not ban bitcoin
Southeast Asia
Board files to dissolve Singapore blockchain startup Otonomos amid lawsuits and public spat
Love, Bonito raises $13M
US-Singaporean drug-discovery platform Engine BioSciences raises $10M
Interesting Reads
A viral app about a traveling frog exposed issues around how Apple manages its China App Store link
WhatsApp groups are an integral part of Indian families link
Netflix is losing out to Amazon and a local provider in India link
WeChat is becoming the standard ID system in China link
China’s tech giants have already disrupted healthcare in China link
Uber’s head of Asia denies rumors of a deal with Grab link
With US pilot, Uber is copying the bike-sharing model that brought chaos to cities in China link
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Carefully curated by Jon Russell with Revue.
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