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Asia Tech Review: January 14 2019

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Welcome back! Lots of news from China this week: Xiaomi is ploughing over $1 billion into AIot (what
 
January 14 · Issue #99 · View online
Asia Tech Review
Welcome back!
Lots of news from China this week: Xiaomi is ploughing over $1 billion into AIot (what is that, you ask?), alleged Huawei spies were arrested in Europe and Bitmain, the $15 billion crypto giant, is said to be getting a new CEO, among much more.
Elsewhere, last week saw ride-hailing regulation in Southeast Asia, a big incoming round for an Indonesian fintech challenger and a new fund and investments for Ola and others in India.
There are also a selection of great longer reads including the lowdown on China’s fintech advantage, its increasing censorship of overseas internet users, and a look at women in rural India who are forced to use Facebook in secret.
Btw, thanks to everyone who pointed out my mistake in last week’s newsletter. CES, of course, takes place in Las Vegas not Los Angeles 🤭
Catch you again next week!
Jon
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China
Bitmain is reportedly getting a new CEO as co-founders "step aside"
Poland arrests Huawei directly on spying charges
Xiaomi’s 5-year plan is a $1.5B bet on smart homes
AI startup Megvii is reportedly planning a Hong Kong IPO
China tightens control of short-video apps
China's internet censor to regulate blockchain firms from February
LinkedIn now requires phone number verification for all users in China
Apple HomePod comes to China, priced at $400
Nreal raises $15M to shrink augmented headsets to the size of sunglasses
Alibaba acquires German big data startup Data Artisans for $103M
Alibaba launches “digitised solutions” business for corporate clients
Hon Hai has 100,000 robots running in China production bases
India
Social media giants plan push-back on India's new regulations
Ola nears $6 billion valuation ahead of a huge funding round
Paytm is planning a video streaming service
Matrix India announces new $300M fund
Emeritus, which develops online courses with universities, raises $40M
Southeast Asia
Akulaku is reportedly raising $100M from Alibaba’s Ant Financial and others
Indonesia's plans to regulate ride-hailing rates
Go-Jek's expansion hits a roadblock as the Philippines rejects its ride-hailing application
Vietnam threatens to penalize Facebook for breaking its draconian cybersecurity law
BasisAI comes out of stealth with impressive creds
Vietnamese premium e-commerce firm Leflair bags $7M
Thailand issues its first licenses to 4 crypto exchanges
Interesting Reads
Great explainer on why fintech is so big in China: it filled a gap that doesn’t exist in the US link
What’s next for WeChat link
Chinese companies aim to dominate payments in Indonesia link
A look at women in rural India who use Facebook in secret because it upsets their families and local communities link
Chinese consumer tech companies say the trade war has affected business, but the US market remains essential to them link
Authorities in China are cracking down on Twitter users link
“Many thought the internet would bring democracy to China – instead it empowered rampant government oppression, and now the censors are turning their attention to the rest of the world” link
Vietnam has emerged as a startup destination (despite that draconian cybersecurity law, which isn’t mentioned here for some reason) link
That's all for now -- see you next week
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