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Asia Tech Review: May 2 2016

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Welcome back! Another brief vacation for myself last week ahead of TechCrunch's upcoming event in New
 
May 2 · Issue #7 · View online
Asia Tech Review
Welcome back!
Another brief vacation for myself last week ahead of TechCrunch’s upcoming event in New York May 9-11 – more here.
Thanks for continuing to subscribe and read!
Jon

China
Alibaba's Ant Financial raises $4.5B
China wants to own small stakes in top internet companies
Apple sales drop 26% in China
HTC launches $100M VR startup accelerator program
LeEco may buy Yahoo building in San Jose
DisneyLife taken off air by China regulators
Baidu head of comms and China tech figure Kaiser Kuo is leaving the firm to return to the US
India
Mobile phones in India to include panic button and GPS for women’s safety
Japan
Tour booking software startup Xola scores $5M Series A led by Rakuten Travel
Sony earnings show PlayStation is performing well but mobile still struggling
Nintendo earnings plunge 60%
Korea
Samsung profit beats estimates as early S7 smartphone release pays off
LG's mobile business dips
Samsung’s VR plans include standalone headset
Southeast Asia
Rocket Internet’s GFG raises $340M at $1.1B valuation
Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam
NIDA Rooms lands $4.2M
Interesting Things I Read This Week
What Apple has to fear from China link
When it rains, it pours: Former Rocket Internet employees blasts the company link
Great read on what comes after mobile link
Flipkart’s transition is getting very messy link
A primer on Singapore’s smart city strategy link
An unsavory proof point of the sudden rise of mobile in Myanmar: Revenge porn is now a thing link
$400 smartphones are the new flagship link
A Bangkok-based foreign entrepreneur on his experience running a business in Thailand link
An incredible visualization of the world’s shipping routes link
Finally, your weekly WTF: Man in dinosaur outfit caught for violating Taiwan’s defense drill link
That's All For Now, See You Next Week!
 Say hi: jmarussell@gmail.com | @jonrussell | asiatechreview.com
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