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Asia Tech Review: June 18 2018

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Welcome back! Lots of news last week, particularly in China and Southeast Asia, with Grab raising $1
 
June 18 · Issue #74 · View online
Asia Tech Review
Welcome back!
Lots of news last week, particularly in China and Southeast Asia, with Grab raising $1 billion from Toyota, Qualcomm inching close to getting China’s approval for its $44 billion NXP deal and Didi Chuxing moving into Australia, where it will battle not one, not two but three companies it owns stakes in.
This week is Tech Sauce in Bangkok, Thailand’s largest tech event, if you happen to be going do let me know as I’ll be around and always keen to put names to faces, or catch up with people I know.
See you again next week!
Jon

China
Chinese regulators approve Qualcomm purchase of NXP, according to sources
Investors wipe $3 billion off ZTE
Meituan plans $6B IPO Hong Kong this month
Xiaomi posts $1.1B quarterly loss but sees revenue growth
China’s surveillance system will soon track cars
China’s Didi Chuxing continues international expansion with Australia launch
Valve will officially launch Steam in China
AI startup Yitu raises $200M Series C+
Baidu’s new blockchain game allows you to gamble on the World Cup
Smart garbage recycling platform nets $164M
Online pharmacy Yaoshibang closes $66M
India
Paytm Mall raises $225M from SoftBank and Alibaba
CapitalG leads $22M investment in Aye Finance
Truecaller makes first acquisition to build out payment and financial services
DailyNinja raises $3M from Saama Capital and Sequoia
Interior design startup HomeLane raise $3.5M
Japan
Mercari set for $1.2 billion IPO
Korea
Samsung launches 'Q Fund' to back AI startups
Southeast Asia
Toyota invests $1B in Grab
After botched IPO, Asian streaming startup M17 gets a $35M lifeline from investors
IP platform PatSnap picks up $38M
Sea seeks $500M for e-commerce and payment businesses
Naspers is in talks to invest in Carousell
Vietnam’s new cyber security law draws concern for restricting free speech
Interesting Reads
JD.com’s newest warehouse employs just four people, and they look after the robots that do all the work link
Local stores are an essential part of the delivery process for Amazon and others in e-commerce in India link
The new tech trend is to copy from China link
How a street vendor’s son became one of Vietnam’s top tycoons link
Interview with the CEO of Binance link
And also >> President Obama’s reading list for this summer link
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