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Asia Tech Review: March 12 2018

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Welcome back,I'm in Singapore this week for Money 2020. If you are in town for the event, passing thr
 
March 12 · Issue #65 · View online
Asia Tech Review
Welcome back,
I’m in Singapore this week for Money 2020. If you are in town for the event, passing through or live in Singapore, come meet me on Tuesday night . NSI Ventures is kindly hosting a small event with drinks and top people at its lovely new office on North Canal Road from 7pm. 
Please email ian.sikora@nsgroup.com to RSVP – state that you found out about the event from reading ATR because numbers are limited.
Back to the news, this week the focus has been on the rumored Grab-Uber consolidation after Bloomberg reported that a deal is getting close, while Singapore’s Temasek is reportedly putting money into SoftBank portfolio companies Paytm and Ola in India.
That’s all for this week, see you in the Telegram Group (https://t.me/asiatechreview) or back here again next Monday.
Thanks
Jon

China
Xiaomi could sell phones in the US as soon as this year
Baidu drops lawsuit against driverless car start-up JingChi
Chinese intelligence agencies are doctoring the country's vulnerability database
Travel startup Tongcheng-Elong to raise $1.5B in IPO
Tencent makes two live-streaming investments
WeChat now has over 1 billion active monthly accounts
India
Paytm Mall in talks to raise $600 million from SoftBank and others
Ola in talks with Temasek to add up to $1B
Pepperfry raises $38.5M
Google Tez adds simple chat feature to take on WhatsApp and Paytm
Prime Venture Partners closes new $60M fund for seed investments
Japan
Japan punishes seven cryptocurrency exchanges over regulatory lapses
Korea
Korean internet giant Kakao is launching a blockchain company
Southeast Asia
Bloomberg: Grab close to deal to buy Uber’s Southeast Asia business
Meanwhile Go-Jek is said to be considering an Indonesia-based IPO
Singapore's Golden Gate is reportedly raising a new $100M fund
Zen Rooms, Rocket Internet’s budget hotel network in Asia, faces fire sale or closure
RedDoorz raises $11M to grow its budget hotel network
Grab launches a bike-sharing service
Alibaba takes greater control of Lazada's tech team
99.co and PropertyGuru each claim victory in copyright and contract dispute
Interesting Reads
After losing China, Amazon is desperate to win India link
How China’s protectionism is creating tech giants link
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