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Asia Tech Review: July 16 2018

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Welcome back, It's Home, Sweet Home for me after two weeks on the road for TechCrunch's Blockchain ev
 
July 16 · Issue #78 · View online
Asia Tech Review
Welcome back,
It’s Home, Sweet Home for me after two weeks on the road for TechCrunch’s Blockchain event in Switzerland and the Rise in Hong Kong. (All the while, football didn’t come ‘Home’.)
Rise wasn’t huge on news. It did see Grab announce its 'super app’ strategy, Japan’s Paidy reveal a $55 million Series C round and 500 Startups/SCMP release a comprehensive report on China’s internet – but really the event is about networking and there are few like it, at its scale, in Asia tech.
Elsewhere, Tesla announced its first plant in China, Apple unveiled a $300 million fund for clean energy in China, and Pony.ai raised the largest round of funding for a Chinese AI startup.
Finally, there’s a new Asia tech newsletter in town: Asiatechnews.co. Glad to see more options to keep up on what’s happening, and a little competition is also welcome.
See you again next week!
Jon
ATR Telegram Group – if you use Telegram there are over 300 of us here sharing news and views

China
Tesla announces first overseas plant in Shanghai
Huawei is putting AI into all of its products, not just phones
Apple announces $300M clean energy fund in China
Ucommune buys Shanghai-based Workingdom for $45M
Second hand electronics startup Aihuishou raises $150M
Meituan Dianping's VC arm DragonBall closes $302M debut fund – China Money Network
Pony.ai raises in $214M for its self-driving car tech
JD.com finance affiliate raises $2B
Police seize $1.5M in crypto during World Cup gambling crackdown
Hong Kong
Gogovan raises $250M from investors including Alibaba's Cainiao
India
Ofo winds down operations in India
Apple is struggling in India
Ola says it'll be profitable this year
Tata Motors buys 26% of logistics startup TruckEasy
Japan
Japanese startup Paidy raises $55M
Yahoo Japan acquires culinary media startup Dely for $84M
Southeast Asia
After Uber buyout, Grab aims to go beyond rides to become Southeast Asia’s one-stop app
China-based hackers take an interest in Cambodia's elections
Aspire Capital raises $9M for SME financing options
Interesting Reads
China Internet Report 2018 from 500 Startups and SCMP link
“Chinese tech isn’t an imitation of its American counterpart. It’s a completely different universe.” link
Grab thinks there’s still plenty of competition in Southeast Asia despite Uber’s exit (and most people’s opinion/experiences) link
How a Taiwanese mobile ad firm is siphoning information from cheap devices sold in emerging markets link
Buzzfeed tried to use a ‘Next Billion’ smartphone and found it lacking link [an interesting look that’s perhaps coloured by expectations of a 'first world’ internet user)
Look at the downfall of India’s would-be WhatsApp rival Hike link
Profile of AI startup Megvii, which works with China’s government on surveillance and more link
Despite a slow start, Alibaba’s take on Slack claims 100M users link
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