Asia Tech Review: May 15 2017

Revue
 
Welcome back!Hello from New York -- I'm in town for our latest TechCrunch Disrupt event -- here's the
 
May 15 · Issue #39 · View online
Asia Tech Review
Welcome back!
Hello from New York – I’m in town for our latest TechCrunch Disrupt event – here’s the latest weekly update from Asia.
Thanks for continuing to subscribe!
Jon

China
Tencent leads $54M investment in music app Smule
Alipay enters the US market
Ride-hailing giant Didi finally offers an English language option for foreigners in China
Tencent opens Seattle AI lab
Russia blocks WeChat
India
Ola raises $104M as part of larger round
Xiaomi opens first retail store in India
Backed by Chinese gov, Silk Ventures is a new $500M fund to invest in European and US
Japan
SoftBank takes $1.4B hit from bets on Snapdeal and Ola
Korea
Netmarble holds Korea's largest IPO for 7 years
Southeast Asia
Garena rebrands as Sea and raises $500 million
Go-Jek raises $1.2 billion led by Tencent at a $3 billion valuation
Vietnam-aligned hackers reportedly attack foreign companies
Uber enters Myanmar with a licensed taxi service
Media Prima buys Rev Asia for $24M to create Malaysia’s largest digital media platform
SPH sells share in 701Search to Telenor for $109 million
Interesting Reads
Chinese companies are increasing their investment in Israel link
I wrote about the BuzzFeed of Myanmar/Cambodia link
China’s bike shops don’t they the rise of bike sharing startups will put them out of business link
Battery pack rental startups are the next big trend in China link
Ben Thompson argues that WeChat’s position as a mobile OS is hurting Apple’s sales in China [my two cents: agree, but factors like little differentiate between recent iPhone models and the wild success of iPhone 6/6+ are major factors] link
Google and Uber are learning money can’t buy them victory in India’s brutal food-delivery wars link
Between 2014 and 2016, 76 people died clicking selfies in India — more than half the total number of such deaths reported worldwide link
The challenges of raising money as a startup in Pakistan link
A thorough look at Uber’s plans for India – and why it needs to win the country link [paywalled]
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Carefully curated by Jon Russell with Revue.
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