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Asia Tech Review: March 6 2017

Welcome back, March is here already -- it seems like just yesterday that we entered 2017 but already
March 6 · Issue #33 · View online
Asia Tech Review

Welcome back,
March is here already – it seems like just yesterday that we entered 2017 but already the first quarter is coming to a close.
This week’s highlights include:
🛠 Xiaomi announces its first custom chipset
🦄 Ofo becomes first unicorn in China’s bicycle on-demand space
💰 Alibaba increases its investment in Paytm in India
See you next week,

Xiaomi launches own chipset with a little help from the Chinese government
Ofo becomes first billion dollar business in China's cycle rental space
IDG and Sequoia to launch tourism fund
Klook raises $30M for its Asia-focused travel activity platform
China’s Qunar to delist from Nasdaq after completing sale to private equity firm
Paytm raises $200M led by Alibaba
OYO rooms could raise new funding at $1 billion valuation
LeEco lays off 85% staff in India but denies exiting the market
Manufacturing giant Foxconn is taking over SoftBank’s investment fund in Asia
Chat app Line doubles its stake in Snapchat clone Snow
Line is developing a rival to Amazon Alexa and connected hardware to go with it
Samsung heir Lee Jae-yong indicted on bribery charges
Southeast Asia
Malaysia's Cradle Fund launches $1.8M direct equity investing program
Interesting Reads
Huge story on how Uber built a system inside its app that detects ‘bad actors’ such as regulators, employees from rivals and other people who posed a threat to its drivers link
Uber rival Ola has a gender diversity problem link
Informative feature on startups in Indonesia link
Review of the Nintendo Switch link
WeChat’s instant apps are off to a bad start link
Singpore’s Prime Minister talks tech and startups link
Inside the brokers selling personal data in India link
The rebooted Nokia 3310 is (predictably) a let down link
A look at Alibaba’s fast-growing cloud computing business link
Netflix is getting better at showing high quality videos on poor internet connections link
Trump’s confrontational approach to US media is spilling over to negatively impact journalists working in authoritarian regimes link
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