Asia Tech Review: May 2 2017

Revue
 
Hello folks,Back after a (fairly global) bank holiday with the latest recap -- hope you all enjoyed a
 
May 2 · Issue #38 · View online
Asia Tech Review
Hello folks,
Back after a (fairly global) bank holiday with the latest recap – hope you all enjoyed a good break.
This week’s highlights include:
🚕 Didi Chuxing raises $5.5 billion at a $60 billion valuation
💸 SoftBank is reportedly investing $1.5B in Paytm and $500M into OYO Rooms, both via its Vision Fund
🕹 Sony’s PS4 is still selling well; Nintendo’s Switch is tipped to sell well
On a personal note, I’m in Singapore next week – if you read the newsletter and want to grab a coffee drop me a line ☕️
See you next week!
Jon

China
Didi raises $5.5 billion at $60 billion valuation
Alibaba’s Ant Financial invests in Chinese bike-sharing startup unicorn Ofo
Huawei regains smartphone lead in China
Baidu stock plunges despite earnings beat
Netflix signs licensing deal with iQiyi
Tencent Cloud adds five new global data centers
WeChat doubles down on search business with the creation of search application department
Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe
India
SoftBank to invest $1.5B in Paytm: report
SoftBank to invest $300M-$500M in OYO Rooms at $1B+ valuation: report
Xiaomi closes in on Samsung sales in India
Xiaomi founder’s Shunwei VC firm invests in Indian gaming startup
Google is making it easier to translate India's most widely used languages
Japan
Nintendo predicts Switch sales of nearly 13 million by next April
PlayStation 4 has never been more important to Sony
Korea
Samsung has second most profitable quarter to date
LG revenue jumps 10%
Ticket Monster raises $115M at a $1.4B valuation
Southeast Asia
SeedPlus closes $18M early-stage fund
TransferWise moves into Asia Pacific with opening of regional HQ in Singapore
Paktor moves into live-streaming via merger deal
Interesting Reads
Interview with Alipay/Ant Financial on its plans for the US link
Profile of Pinduoduo, a fast-growing group shopping service in China that’s valued at over $1 billion link
Didi’s master plan to win over local Chinese governments – with data link
Jeff Bezos says e-commerce is still in ‘day one’ in India link
Xiaomi’s new international boss, who replicated Hugo Barra, wants to sell phones in the US by 2019 link
Amazon is putting pressure on Yahoo Japan’s e-commerce division link
Did you enjoy this issue?
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Carefully curated by Jon Russell with Revue.
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