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Asia Tech Review: January 30 2018

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Welcome back,This week's email is a rollover as there was no newsletter last week -- so lots of links
 
January 30 · Issue #59 · View online
Asia Tech Review
Welcome back,
This week’s email is a rollover as there was no newsletter last week – so lots of links for you to digest.
If you’re a Telegram user, check out the group which includes newsletter subscribers from across Asia and beyond sharing links and info as it happens.
See you next week!
Jon

China
Annual smartphone shipments in China declined for the first time in 2017
Alibaba and Foxconn lead $350M investment in EV startup
JD prepares US launch
Exec behind Facebook’s China charm campaign has left the company
Google and Tencent agree to patent sharing
US-China biotech startup lands $15M from Google, Tencent and Sequoia
Streaming service Kuaishou is reportedly raising $1B led by Tencent
WeChat mini programs reach 170M users after first year
WeChat Pay expands to Hong Kong, Macao, and Taiwan
Toutiao and BuzzFeed join forces on content
Hong Kong
Goxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia
India
Sequoia reportedly planning new $1B fund for India
Facebook close to launching WhatsApp payments in India
Sharechat, a little known social network that doesn't support English, raised $18M led by Xiaomi
Telecom disruptor Reliance Jio eyes new challenge now that it is profitable
Japan
Crypto exchange Coincheck says it lost over $400M
Japan’s SmartHR raises $13.3M led by 500 Startups
Walmart and Rakuten partner on grocery delivery in Japan, Kobo e-books and audiobooks in US
Korea
LG’s mobile business is still making big losses
Korea’s Kakao eyes overseas acquisitions following $1 billion raise
Snow, once a Snapchat clone, raises $50M from SoftBank and Sequoia China
Southeast Asia
Ninja Van raises $87M+ in new funding
Southeast Asia startups raised over $7B in 2017
Alibaba helps Malaysia implement smart city program
Google invests in Go-Jek
Tryb Group raises $30M to develop fintech platforms for Southeast Asia
JD.com leads ~$50M investment in Vietnam's Tiki
Singapore’s 99.co buys UrbanIndo, Indonesia’s largest independent property site
Interesting Reads
Facebook was supposed to open up societies like Cambodia. But it’s doing just the opposite — with disastrous consequences for its fragile politics link
Dock-less bike-sharing has “replaced nearly 10% of travel by private car” in Shenzhen link
Departing Googler says the company is no longer innovative, so now he’s moving to work for “The Uber of Southeast Asia” link
Baidu talks to Wired about its Duer assistant and funky looking hardware – Amazon\Alexa comparisons abound link
China’s startup and tech work-ethic is apparently admirable and should be the model for Silicon Valley link
No it isn’t link
Chinese entrepreneurs don’t rate Silicon Valley anyway, apparently link
Didi’s brilliant plan to contain the threat of China’s bike-sharing services link 
Hopefully you read this already, but if not then you should: The last days of Travis Kalanick at Uber link
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