Asia Tech Review: July 31 2017

Revue
 
Welcome back!That was quite a week we just had, so lots to catch up on. A few highlights to get you g
 
July 31 · Issue #46 · View online
Asia Tech Review
Welcome back!
That was quite a week we just had, so lots to catch up on. A few highlights to get you going:
⛔️ Apple removed all major VPN apps from its China App Store
🇨🇳 WeWork raised $500M to establish a China business
🚕 Grab raised $2 billion in new funding
💸 Samsung had its most profitable quarter of business ever
🦄 Traveloka became SE Asia’s newest billion-dollar startup
See you again next week with more news and reads you need to know from Asia’s tech industry.
Jon

China
Apple removes VPNs from the App Store in China
Huawei abandons low-end devices and preps full-screen device to rival iPhone
China's Baidu profit jumps as focus on mobile and AI narrows
Apple is struggling for sales in China
WeWork launches dedicated China business backed by $500M from investors
Foxconn announce plans to build Wisconsin factory and create 3,000 jobs
Xiaomi secures $1B loan for expansion and announces sub-$50 smart speaker
PayPal inks a deal with Baidu
HTC teases a standalone Vive VR headset for China
India
India's Snapdeal board approves Flipkart's $900-$950M takeover offer
Axis Bank bags FreeCharge from Flipkart for $60M
Tencent backs education startup BYJU’s at a valuation of $800M
Japan
Line Q2: Fewer active users but profits leap off rising ad revenues
Japan attempts first rocket launch to join SpaceX
Korea
Samsung posts record profit after tough year
LG says its flagship G6 smartphone isn’t selling as well as expected
Korean startup Urbanbase gets $1.8M to turn apartment floor plans into virtual reality
Southeast Asia
Grab gets $2B from Didi and SoftBank to fuel bid to defeat Uber in Southeast Asia
Expedia invests $350M in Traveloka at a $2B valuation
Amazon Prime Now launches in Singapore, its first market in Southeast Asia
Interesting Reads
In addition to AI, China has a plan to dominate world’s semiconductor industry link
Facebook’s growth in Asia is starting to slow link
A look at DNA engineering in China link
Another reminder that the iPhone’s biggest competitor in China is WeChat because it standardizes features and services across any device link
A look at JD.com’s luxury fashion service that bucks the norms for delivering goods in China link
Chinese citizens, once inspired by the US, now believe their country is superior link
The differences between metros built by Japanese and Chinese in Vietnam link
Starbucks is spending over $1B to get a bigger cut of business in China link
North Korea’s landmark hotel got a makeover link
Did you enjoy this issue?
Thumbs up 1ae5a7bdfcd3220e2b376aa0c1607bc5edaba758e5dd83b482d03965219a220b Thumbs down e13779fa29e2935b47488fb8f82977fedcf689a0cc0cc3c19fa3c6bb14d1493b
Carefully curated by Jon Russell with Revue.
If you were forwarded this newsletter and you like it, you can subscribe here.
If you don't want these updates anymore, please unsubscribe here.