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Asia Tech Review: May 28 2018

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Welcome back, I've been split between London and Bangkok this past week so today's email is a little
 
May 28 · Issue #72 · View online
Asia Tech Review
Welcome back,
I’ve been split between London and Bangkok this past week so today’s email is a little more light on content than usual, but still lots of news to digest including:
🤔 President Trump plans to save ZTE, despite its serious crimes
⚔️ Related: lots of tech pawns being moved in US-China trade stand-off
🇮🇳 Amazon and Tencent backed two major startups in India
💸 Go-Jek says it’ll spend $500M to expand in Southeast Asia
See you again next week, or perhaps sooner if you’re in the ATR Telegram group: https://t.me/asiatechreview
Jon

China
The Trump administration is saving ZTE
Ant Financial investors prevented from aligning with Tencent
iQiyi is building on-demand cinemas
Baidu COO Qi Lu steps down
Baidu spins out its global ad business to sharpen its focus on artificial intelligence
China charge suspects over alleged $2B pyramid scheme OneCoin
China reportedly ready to approve Qualcomm-NXP deal
China approves Toshiba-Microchip deal
Foxconn unit aims to raise $4.3B
Tencent and China Unicom launch eSIM card with blockchain-based authentication
Hong Kong
Alibaba’s newest initiative aims to make Hong Kong a global AI hub
India
Tencent leads $50M investment in NewsDog
Amazon leads $12M investment in digital insurance startup Acko
Paytm buys TicketNew for a reported $30-$40M
Tamil Nadu government suspends internet in 3 districts to stop spread of 'rumours'
Milkbasket raises $7M
Southeast Asia
Go-Jek officially announces Southeast Asia expansion to fill void left by Uber’s exit
Ecommerce platform EZBuy raises $18m
Singapore warns 8 crypto exchanges as scrutiny increase
Tickled Media raises $5M Series B
Thailand's Siam Commercial Bank doubles VC fund to $100M
WeInvest raises $12M
Interesting Reads
A profile of Facebook’s Internet.org business link
WeChat mini-games have reportedly reached nearly half a billion users link
The national security implications of Chinese venture capitalists are overblown link
In just 10 months, India’s Reliance Jio became the world leader in feature phones link
Mobike is making big plans for India link
And finally >> Coke’s first alcoholic drink goes on sale in Japan this week link
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