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Asia Tech Review: July 2 2018

Hello from the UK, I'm back 'home' before heading over to Switzerland for TechCrunch's first dedicate
July 3 · Issue #76 · View online
Asia Tech Review
Hello from the UK,
I’m back ‘home’ before heading over to Switzerland for TechCrunch’s first dedicated blockchain event on Friday and Saturday. After that, it’s Hong Kong for Rise – hope to meet some ATR readers on my travels.
Back to the news, here are the major highlights from the past week:
🔔 Xiaomi takes an IPO valuation haircut
☎️ Google invests in an operating system for dumb phones
🇯🇵 Quartz is sold to little-known Japanese business media firm
✂️ More job losses at HTC
That’s all for this week – see you again next week!

Xiaomi cuts IPO, valuation now $54M
E-commerce site Pinduoduo files for $1B US IPO
HTC to slash 1,500 more jobs in Taiwan
Google invests $22M in feature phone operating system KaiOS
Times Internet buys video app MX Player for $140M to get into streaming
PolicyBazaar raises $200M+ led by Vision Fund
IT and tech firm UST Global raises $250M at $1B valuation
Cashify raises $12M for its second-hand smartphone business
OYO eyes expansions to Indonesia, UK and Europe
Quartz sold to Uzabase for $75M-$100M
Line to open crypto exchange in July but not in Japan or the US
Kakao seeks partners for blockchain venture
Southeast Asia
Ryde lodges police report over fake accounts and 'phantom' bookings
Singapore computer vision company Trax raises $64m in Warburg Pincus-led round
Indonesia's Lippo Group invests $44M in Tencent
Singapore sovereign fund Temasek takes stake in tech events firm Unbound
Interesting Reads
A look at some impact-led startups in Southeast Asia link
Thailand is aiming to attack crypto investment by skipping the debate on securities link
China’s carbon emissions *may* have peaked link
And finally, solid analyze on whether America should engage in a trade war with China link
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