Asia Tech Review: June 20 2016

Revue
 
Welcome back,News keeps flowing despite the arrival of summer, among this week's must-know updates:💰
 
June 20 · Issue #11 · View online
Asia Tech Review
Welcome back,
News keeps flowing despite the arrival of summer, among this week’s must-know updates:
💰 Didi Chuxing raised an insane $7B+ round
💳 Alibaba’s Ant Financial is making moves in Southeast Asia
☁️ Samsung made a major acquisition focused on the cloud
I’m in Shanghai Sunday-Wednesday next week at TechCrunch’s next China event, then Singapore onwards for the rest of the week. If you’re in either place and fancy a coffee, let me know ☕️
Thanks for continuing to subscribe!
Jon

China
Didi Chuxing lands $7 billion in new funding
Apple runs into patent dispute over iPhone 6 and iPhone 6 Plus
Chinese search giant Baidu lowers revenue forecast, shares fall
Jack Ma forecasts 50% revenue growth for Alibaba
Xiaomi is getting into banking
India
India’s ClearTax raises $12M to expand into new financial services
Saavn raises funding from U2 & Madonna manager Guy Oseary
Flipkart eyes online insurance and global supply chain amid talks to raise $1 bn by January
Uber bends over backwards, installs taxi meters in Bangalore
Korea
Samsung buys Joyent, "the best-kept secret in cloud computing"
Southeast Asia
Alibaba's Ant Financial Plans to take 20% stake in Thailand's Ascend Money
Golden Gate Ventures closes new $60M fund
Carro lands $5.3M to expand its car sales and services platform in Southeast Asia
Baidu is launching its Maps service overseas
Ensogo share trading halted pending ‘announcement’
Chinese phone maker OnePlus quits Indonesia
Interesting Reads
Great journalism: Catching sex predators on messaging apps in Malaysia link
I (tried to) explain why Didi Chuxing raised $7 billion, and why it needs $10 billion on its balance sheet link
Asian companies are putting more focus on security after a spate of hacks link
What it’s like to live on WeChat only in China link
Great explanation of why stickers in messaging apps are a big deal link
Kik proposes a new way to measure engagement in chat apps link
Southeast Asia’s tech scene is “sunny” according to investors link
A look at Uber’s homegrown rival in Pakistan link
Vertex Ventures Managing Director: Beware of the threat of undisciplined investors link
From a refugee camp in Thailand to playin football in England’s professional leagues link
Jimmy Page explains how ‘Stairway to Heaven’ was written link
An amazing set of timelapse videos of Singapore link
That's All For Now, See You Next Week!
 Say hi: jmarussell@gmail.com | @jonrussell | asiatechreview.com
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