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Asia Tech Review: July 9 2019

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Welcome back, I'm in Hong Kong for Rise this week so my week starts today. I had mentioned the possi
 
July 9 · Issue #122 · View online
Asia Tech Review
Welcome back,
I’m in Hong Kong for Rise this week so my week starts today.
I had mentioned the possibility of arranging a meetup around the show but, frankly, there are so many side events and parties around Rise that adding another doesn’t really make sense. But, if you are at Rise and want to say hi, do get in touch.
See you again next week!
Jon

China
China is forcing tourists that enter Xinjiang to install malware that grabs data
Didi is talking to SoftBank about raising money for its self-driving car unit link
China’s VC boom may have peaked as deal value dropped 77% in Q1 link 🔒
A new report analyzing employee CVs claims that Huawei maintains “far closer links” to the government than previously thought – but critics have pointed it is light on details and focuses on just 2 staff link
HP, Dell and Microsoft are among the tech giants reportedly planning to shift production and manufacturing away from China link 🔒
China’s top tech firms have slowed down their hiring link
WeWork rival Ucommune is apparently planning to raise up to $200M through an IPO in the US link
Xiaomi cloned Apple’s Memoji’s (link) and then even used Apple’s own video to promote link (link)
QR codes aren’t just for payment, they are also used to sort waste in China link
Another crackdown on podcast and audio media from Beijing link
Didi reveals it purged 300K drivers following a safety push link
Alipay has added beauty filters to its face-scan payment system – because you want to look good when being seen at the checkout, I guess… link
India
Ola Electric becomes a unicorn after $250M SoftBank investment
IndiaMart, a two-decade old B2B startup, is the much-talked about tech IPO that India has been waiting for… or at least it shows that there’s pent up demand for tech stock link
SoftBank plans to invest up to $4 billion more for India deals link
Samsung fired 1,000 people in India where it is struggling to compete with Chinese rivals link
Tencent and Paytm are among the investors reportedly vying to invest in MX Player, which is owned by Times Internet and has recently switched its focus towards streaming content link
Reliance Jio revolutionized mobile data in India, now it wants to help educate new internet users link
Samsung’s “AI-powered” shopping app is dead link
PhonePe may turn out to be a hidden gem for Walmart link
PayPal may be asked to cease operations in India link
Japan
7-Eleven Japan customers lost $500K due to security hole in new payment service
Sony is raising a $185M fund to invest in startups link
Self-driving firm Tier IV raised over $100M link
Fintech startup Kyash raised $14M link
South Korea
Samsung forecasts profit halving in next quarter
Nexon upped its ownership of Embark to a majority ahead of studio’s much-anticipated first release link
Southeast Asia
Naspers' fintech startup PayU enters Southeast Asia
The great funding announcement season is back: Grab announced an undisclosed round from Experian (link) and Go-Jek announced an undisclosed from Mitsubishi (link)
Indonesia’s long-awaited state-backed wallet service has launched link
Indonesian logistics startup Waresix raised $14.5M link
That deal came a day after rival Ritase announced a $8.5M investment link
Sweet Escape, a service for booking photographers, raised $6M link
Vietnamese telco group Viettel has launched its own ride-hailing service link
OYO launched in Vietnam with an apparent war chest of $50M link
A look at Tiki’s which is known to some as Vietnam’s Amazon link
Outside of Asia Tech
How Hong Kong’s protesters have changed their approach link
Meanwhile, China is creating an alternate reality about the Hong Kong protests, in real time link
Photo of the week
SCMP News
Baidu's billionaire co-founder Robin Li had water poured on him on stage at a company conference. He responded: "What's your problem?" https://t.co/Y7x5XRwQt1
8:11 AM - 5 Jul 2019
You have to wonder how on earth this was able to happen…? (And yes, this is a video not a photo!)
Upcoming events
  • Rise: July 8-11 in Hong Kong link
  • Deal Street Asia’s PE-VC Summit: 17-18 September in Singapore link
  • Tech In Asia Conference: 8-9 October in Jakarta, Indonesia link
  • TechCrunch Shenzhen: 9-12 November in Shenzhen, China link
If you run a tech event not listed here or want to recommend an addition, please email me
That's all for now, see you next week!
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