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Asia Tech Review: June 17 2019 (Resending)

Sorry, folks, I don't usually send this newsletter again but there were some formatting errors in the
June 17 · Issue #119 · View online
Asia Tech Review
Sorry, folks, I don’t usually send this newsletter again but there were some formatting errors in the previous email which hadn’t appeared in the final draft – apologies for that!
Welcome back,
This week the world has been inspired by Hong Kong, where people took to the street – again! – to protest a proposed law that would allow extraditions to mainland China. With an estimated two million people on the streets for the cause – that’s some 20% of the population – the scenes made headlines across the world.
Outside of that, in the world of tech, Asia saw plenty of major news including more details on Alibaba proposed $20 billion IPO in Hong Kong, Facebook’s first investment in an Indian startup and a new unicorn christened in Korea. As ever, you can read all of the updates below.
A quick note on the upcoming meet-up in Bangkok – which is timed around the Techsauce event. It’ll happen Friday (I had originally said Tuesday, sorry for the change) and you can find full details here.
Unfortunately, it looks like a lot of people will have left Thailand by then but Techsauce has some formidable parties during the two-day show so it makes sense to wait until after. Anyhow, if you are in town, hope to see you there or at the Technode meetup on Wednesday.
See again you next week if not sooner!

Alibaba's Hong Kong listing tipped to raise $20B in Q3 of this year
A deeper look at the development of Huawei’s Android replacement link
Meanwhile, on the hardware side, Huawei has pushed back the release of its first foldable phone by three months link
How WeChat has “metastasized into every aspect of people’s lives in China” link
A look at $1 billion self-driving car startup Momenta link
Alipay tied up with six European payment companies on a common QR code format link
China’s new tech board is open and aiming to attract new listings link
Chinese smartphone users apparently spend 5 hours per day on entertainment apps (!) link
Ant Financial started a $145M electric bike venture with bike sharing arm Hellobike link
Transsion Holdings will pre-install China Literature’s ebooks service on phones in Africa – a reminder of the power China/Chinese companies have built in Africa, where Transsion is one of the largest sellers of phones link
Changxin Memory, a relatively new chip-maker, is set to produce China’s first locally designed DRAM chip, a move that would offset reliance on foreign suppliers link
Facebook invested in Meesho
OYO could soon to be valued at $10 billion thanks to a new $1 billion round that is reportedly in the motions link
WhatsApp is finally cracking down on those who abuse its platform in India link
Zoomcar (car rentals) and Drivezy (bike rentals) may merge according to a report link
Meanwhile, bike rental company Rapido is close to raising $50M link
Amazon is opening its deliveries up to ‘gig economy’ workers link
Ola is opening a research center in California link
Zomato says it successfully used a drone for delivery for the first time link
Go-Jek made another acquisition in India, snapping up employment platform AirCTO in an undisclosed deal link
Is the SoftBank-OYO tango a Russian Doll Ponzi? link
💸Other deals of note 💸
Jumbotail, which digitizes local stores, raised $12.7M link
OkCredit raised $15.5M led by Tiger Global link
Yanolja raises $180M at a valuation of over $1B
500 Startups is reportedly planning a second fund in Korea link
Southeast Asia
SoftBank and Toyota's autonomous car business is headed to Southeast Asia
Tencent launched a new video streaming service in Thailand as part of a wider push in Southeast Asia link
Vietnam is pressuring YouTube over so-called anti-state propaganda" on the video site link
Outside of Asia Tech
Mary Meeker’s annual internet trends report was released last week link
Lots of details on Facebook’s crypto project, which apparently has the backing of Uber, PayPal, Visa, MasterCard and others – an official announcement is expected this week link
Telegram’s Gram ICO tokens are going on sale next month – but the listing is from token holders not Telegram itself link
Photo of the week
Hong Kong Free Press
BREAKING: Organisers have announced a turnout estimate of "close to two million," nearly doubling that of last Sunday's rally and making it the largest protest in Hong Kong's history. Police have yet to release their figure.

👉 In full:
Absolutely incredible scenes from Hong Kong this past week. Following mass protests, the government killed the controversial extradition bill (explained here) – while many have pointed out that Hong Kong’s future is inevitably close ties to Beijing, its people have inspired the world by taking to the streets to voice their anger.
On a different topic, this thread is also one to note:
Rian Thum
The Chinese government has now destroyed the central Uyghur graveyard in Khotan. It was also the site of several sacred shrines.
Upcoming events
  • Tech Sauce: June 19-20 in Bangkok, Thailand link
  • Ignite: 24-25 June in Manila, Philippines link
  • Innovfest Unbound: 27-28 June in Singapore link
  • Wild Digital: 3-4 July in Kuala Lumpur, Malaysia link
  • 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
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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