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Asia Tech Review: June 25 2018

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Welcome back, I spent a large chunk of last week at Bangkok's Techsauce event -- which has now grown
 
June 25 · Issue #75 · View online
Asia Tech Review
Welcome back,
I spent a large chunk of last week at Bangkok’s Techsauce event – which has now grown to an impressive 10,000 attendees – where I met lots of interesting people, both new and old faces. In the coming weeks I’ll be at TechCrunch’s Zug event and then Rise in Hong Kong, so hope to see more people (and particularly ATR subscribers) there, too.
Back to the world of Asia tech news, and last week’s biggest stories included:
🇨🇳 Google made a big investment in JD.com to continue its China focus
🔔 Three new Hong Kong IPO filings: Meituan Dianping, Tongcheng-eLong and Ebang
🦄 A big funding round for Swiggy, which is now a billion-dollar unicorn
💸 A major crypto hack in Korea where Bithumb lost $30M+
See you again next week for more of the same!
Jon

China
Google makes $550M strategic investment in JD.com
VIPKID raises $500M at $3B+ valuation
China cancels Chinese issuing China depositary receipts (CDRs)
US lawmakers want Google to reconsider links to Huawei
BitTorrent is selling for $140M to Justin Sun and his blockchain startup Tron
Hong Kong
Meituan Dianping files for Hong Kong IPO to raise $4B
Travel agent Tongcheng-eLong to raise $1.5B in Hong Kong IPO
Bitcoin mining firm Ebang files for IPO
Razer leads $3.3M investment in Esports Mogul
Taiwan
The News Lens raises $3-4M for international growth
India
PolicyBazaar raises $200M led by SoftBank’s Vision Fund
Swiggy raises $210M at a $1.3B valuation
Zomato is reportedly raising $400M at $2B valuation
OYO expands into China
Japan
Cryptocurrency industry drafts self-policing rules
Korea
Bithumb says it lost over $30M following a hack
Toss raises $40M from Sequoia China and Singapore’s GIC
Southeast Asia
Go-Jek prepares to launch ride-hailing services in Vietnam and Thailand
oBike is closing its dock-less bike-sharing service in Singapore
Vietnamese taxi players merge to compete with Grab
Sea raises $575M to grow Shopee e-commerce business
Game studio Mighty Bear raises $2.5M ahead of debut release
Fish farm startup Umitron raises $8.2M seed round
Cambodia gets a VC fund
Interesting Reads
Tinder is hugely popular with men in India, but struggles to attract women link
Incredible story of how a Chinese government-backed chipmaker allegedly stole secrets from Micron link
Profile of Ant Financial and how it aims to work with banks link
Analysis of Alibaba versus Tencent link
A look at what makes Xiaomi unique link
A new boss is proof that Uber is digging its heels in India link
Obvious but true: Social media is growing fastest in emerging markets link
China takes the fast lane in self-driving auto race link
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