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Asia Tech Review: July 23 2018

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Welcome back, That was quite a week, ranging from Mark Zuckerberg talking about the apparent free spe
 
July 23 · Issue #79 · View online
Asia Tech Review
Welcome back,
That was quite a week, ranging from Mark Zuckerberg talking about the apparent free speech rights of Holocaust deniers to Google getting slapped with a record $5 billion fine by the EU. There was also plenty of tech news from Asia – perhaps not on the level of those two – but highlights include:
🚲 Bike-sharing bubble bursts as Ofo scales back globally
🚖 Didi Chuxing is in the money… again
💩 Apple’s in fairly serious trouble in India
⛔️ Attackers accessed 1.5M patient records in Singapore government hack
There’s also a range of excellent writing in the ‘must read’ section below, which I urge you to check out before you’re done with this week’s email.
That’s all for now, see you again next week!
Jon

China
Ofo scales back its US presence
SoftBank is reportedly investing in AI startup SenseTime
Pinduoduo aims for up to $1.63 billion in US IPO
Booking invests $500M in Didi Chuxing
Didi reportedly plans to spin out car services unit ahead of IPO
A look at the good and bad of Chinese gadgets link
A look at the good and bad of Chinese gadgets link
Huawei on track to ship 200M handsets this year
Apple’s iCloud user data in China is now handled by a state-owned mobile operator
Alibaba boosts its offline reach with $2B+ investment in outdoor digital marketing firm
Snowball Finance reportedly raises $120 million Series D round
Tencent to push WeChat Pay in US despite trade war with China
Google launches its first WeChat mini program as its China experiments continue
WPP courts Chinese tech giants‎ Alibaba and Tencent over $2.5bn deal
Startup investment is apparently slowing in China
Zuoyebang raises $350M to help Chinese students do their homework
Tik Tok hits 500 million global users
India
India may ban iPhone within 6 months if Apple keeps fighting TRAI and not allow DND App in iOS Store
Unacademy gets $21M from Sequoia India, SAIF and Nexus
BookMyShow pulls in $100M to grow its online ticketing business
JioPhone to support WhatsApp, Facebook and YouTube
PaySense raises $18 M from PayU
The Ken raises $1.5M to grow its subscription journalism business in India
Japan
Didi Chuxing is close to launching a taxi-booking service in Japan
EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals
Southeast Asia
Personal info of 1.5M patients stolen in cyber attack
Golden Equator Capital and Korea Investment Partners announce $88M Southeast Asia fund
Restaurant booking startup Eatigo chows down ~$10M more from TripAdvisor
ClassPass is headed to Asia via an imminent launch in Singapore
Must Reads
A look at the good and bad of Chinese gadgets link
China’s next internet giants are getting big by serving the country’s poor link
Binance, the world’s largest crypto exchange, reached one year and business and some of the data is staggering link
China’s top firms are investing more in US startups than ever link
For two centuries, countries have used low-wage labor to climb out of poverty – what will happen when robots take those jobs? link
Top university professor, published widely in media, reflects on 9 years as an academic in China link
Related: Self-censorship and censorship in the world of China studies link
PWC report on retail disruption in China link
Social Media: the new testing ground for Sri Lanka’s freedom link
India’s summers are getting hotter, much hotter link
And finally >> an American facing up to 7 years in jail for joining protests in Vietnam was released to return home link
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