Asia Tech Review: June 13 2016

Revue
 
Welcome back,It has been a couple of weeks since this last newsletter due to a mixture of work, trave
 
June 13 · Issue #10 · View online
Asia Tech Review
Welcome back,
It has been a couple of weeks since this last newsletter due to a mixture of work, travel and personal reasons, but we are back and here are this week’s highlights:
✍🏻 Xiaomi does a deal with Microsoft
🇮🇳 Amazon pours billions more into India
🎊 Line is finally going public
💵 Facebook is testing social commerce payments
Thanks for continuing to subscribe!
Jon

China
Xiaomi buys Microsoft smartphone patents and agrees to pre-install Office apps
Uber: We’ll be China’s number one taxi app within a year
Mobile ad tech firm Smaato bought by Chinese firm for $148M
China’s Bitauto raises $300M, with Baidu, JD.com and Tencent each chipping in $50M
World's first passenger drone cleared for testing in Nevada
India
Amazon pours $3B more into India
Flipkart revamps tech leadership team again
India reportedly rejects Google Street View
Rakuten is planning to set up shop in India by early 2017
Bangladesh
Telecom giant Telenor launches a digital health service for emerging markets
Japan
Line will finally IPO in joint Tokyo-New York listing
Rakuten to exit the UK, Austria and Spain as global retrenchment continues
SoftBank is selling almost all of its shares in Japanese games firm GungHo
Southeast Asia
SeedPlus is an early-stage fund focused on finding global startups in Southeast Asia
Facebook is testing social commerce payments in Southeast Asia
Groupon is selling its Indonesia business to fitness membership startup KFit
Singapore public servants' computers to have no Internet access from May next year, Singapore News & Top Stories - The Straits Times
FinAccel takes on Southeast Asia’s lending industry with easy online credit service
Interesting Reads
India’s e-commerce war is basically Alibaba versus Amazon link
Cybercrime is on the rise in India link
Fascinating story on Beijing’s electric bikes, a critical part of the e-commerce chain, and the tension with car drivers link
Apple’s McDonald’s solution to India link
Why Indian food delivery and hyperlocal startups are going under link
Startups can’t explain what they do because they’re addicted to meaningless jargon link
Tech investor explains why he uses Snapchat and it is the next big thing in social media link
That's All For Now, See You Next Week!
Say hi: jmarussell@gmail.com | @jonrussell | asiatechreview.com
Say hi: jmarussell@gmail.com | @jonrussell | asiatechreview.com
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Carefully curated by Jon Russell with Revue.
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