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Asia Tech Review: January 21 2019

Welcome back, 2019 is definitely looking like a huge year for fintech in Southeast Asia, and last wee
January 21 · Issue #100 · View online
Asia Tech Review
Welcome back,
2019 is definitely looking like a huge year for fintech in Southeast Asia, and last week was a clear example: Go-Jek acquired in the Philippines, Vietnam’s top mobile wallet raised what could be over $100 million, Grab did a deal with ZhongAn and Bukalapak raised $50 million.
Elsewhere, TikTok unveiled a new app, China’s Maoyan is headed to IPO, and Byju’s made its largest investment. Even in more quiet markets, American Express made an acquisition in Japan and, in Korea, SoCar raised $44 million.
Enjoy, and see you next week!
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TikTok launches a video chat service
Movie ticketing service Maoyan to raise $350m in Hong Kong IPO
New policy puts the squeeze on China’s payments giants
DJI says it lost $150M last year thanks to internal fraud
Warburg Pincus leads $255M round in English tutoring platform Dada
Redpoint Ventures is raising another $400M to invest in Chinese companies
In India, Amazon and Walmart face off against the country's richest man
Byju’s buys Osmo for $120M
SoftBank is reportedly buying 42% of FirstCry for $400M
Turtlemint raises $25M from Sequoia India
Facebook brings India on a par with Menlo Park
Ola is adding a monthly billing option
Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ sell online
Spotify may launch in India on January 31
OYO is reportedly expanding international footprint to the Philippines
American Express acquires restaurant booking service Pocket Concierge
Car-sharing startup SoCar raises $44M
Southeast Asia
Go-Jek buys for $72M ahead of Philippines expansion
Momo, Vietnam’s top payment app, lands Series C investment led by Warburg Pincus
Bukalapak raises $50M
Digital insurance firm Singapore Life raises $33M
Grab moves to offer digital insurance services in Southeast Asia
Interesting Reads
A Bloomberg reporter tells how a horrific accident with Grab made her reassess ride-hailing services and safety link
A hotel has ‘fired’ its robotic servers link
Streaming platforms in India are agreeing to self-censor content, apart from Facebook link
Insight podcast on WeChat, how it was founded and where it is at now link
The Economist on the growth of e-commerce in Southeast Asia link
Non-tech but must-read on China’s shifting ideology link
That's all for now -- see you next week
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