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Asia Tech Review: January 8 2019

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Welcome back and belated Happy New Year! ATR is starting 2019 in a low gear -- having skipped the pos
 
January 8 · Issue #98 · View online
Asia Tech Review
Welcome back and belated Happy New Year!
ATR is starting 2019 in a low gear – having skipped the post-Xmas issue and coming in a day late this week – but nonetheless happy to be here after a resting break.
I’m not the only one making a gradual return this year, the Asia tech news cycle has also been slow. But this week is CES – the impossible-to-miss annual consumer electronics show in LA – which will mean plenty of hype, razzamatazz and unnecessary tech served up, perhaps giving us laggards a little more time to reach top gear in 2019.
Still, there’s already plenty to talk about: Apple and Samsung have financial struggles, reports show increased investor spending in India and China, while Chinese developers have ‘invaded’ India, too.
So kickback and take a moment to catch up on what you may have missed over the New Year period – I’ll see you again next week 🎉
Jon
ATR on Telegram – now at over 400 members

China
Apple’s iPhone China warning comes years too late
China turns up heat on individual users of foreign websites
China’s tech funding rockets to $79B in 2018
Lightspeed announces new $560 million fund for China
China P2P lending crackdown may see 70% of firms close
Tencent left out as China approves the release of 80 new video games
Alibaba's Ant Financial has reportedly bid £500M for WorldFirst
Alibaba-backed Hellobike bags new funds as it marches into ride-hailing
China’s new e-commerce law makes merchants and operators jointly liable for selling fakes
Baidu says its answer to Alexa is now on 200M devices
India
Indian tech startups raised a record $10.5 billion in 2018, but concerns remain
New regulations tighten e-commerce practices
Zomato is reportedly in talks with investors for new $500M-$1B
Foxconn to reportedly begin assembling top-end iPhones in India in 2019
Flipkart co-founder's VC fund hits first close of $32M
Uber picks India as 'world lab' for mobility, transport innovations
Hike plans to raise again in 2019
Japan
SoftBank is reportedly slashing its planned investment in WeWork
Korea
Samsung operating income falls as chip sales slow
Southeast Asia
Grab raises fundraising target to $5B with $1.5B Vision Fund investment
Alibaba veteran launches $200M ATM fund
Indonesia unblocks Tumblr following its ban on adult content
Fitness marketplace ClassPass acquires Asian competitor GuavaPass
Recommended Reads
Chinese developers are taking over India’s app ecosystem link
The rise and fall of bike rental startups in China link
How Meesho is helping housewives in India make money link
Chinese fintech startups take aim at Indonesia link
A range of companies, including China and India, are working on their own GPS to rival the current US dominance link
Travel giant Booking is betting big on China link
Why Apple and Samsung are struggling in China link
But Apple’s next phone is likely to store growth in China, all isn’t lost link
But Apple also has problems in India link
Vietnam is becoming a startup destination link
Indian publication The Ken is thriving in the paid-for media business – I recommend getting a subscription for 2019 link
Great nostalgic piece music piracy – much has changed today, of course link
Not tech but an interesting video documentary on young African football (soccer) hopefuls in Thailand link

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