Asia Tech Review: November 13 2017

Revue
 
Welcome back,--Long but important intro alert--This week (weekend) was 11/11. That means more blockbu
 
November 13 · Issue #53 · View online
Asia Tech Review
Welcome back,
–Long but important intro alert–
This week (weekend) was 11/11. That means more blockbuster sales records from Alibaba, which surpassed $25 billion in a single day. Incredible.
Elsewhere, many in the US may be surprised to see Bytedance, the ambitious owner of fast-growing news app Toutiao, snap up Musical.ly for up $1 billion, but the name is now definitely on the radar for folks outside of China.
There were also a trio of IPOs, two of which involved Tencent, while Tencent offered a boost to beleaguered Snap by forking out $2 billion to buy a 12% stake. Beyond the moral support, it pledged to help with its crucial upcoming redesign of Snapchat.
Also, in the longer reads section, I talked to Uber’s new head of Asia on why the company is turning old enemies like government and taxi operators into friends.
- - -
Now for non-news notes…
Join my new Telegram group: This newsletter has been running for three years but I do like to try new things from time to time, which is why I’ve started a Telegram group for people who follow tech news in Asia.
I’ve always felt the need for a community where I can gather/share news and opinions with others and I think Telegram, which I’ve found myself using a lot this year, is the right option given the way its groups work and the general simplicity of the app. (I’m not a big fan of Facebook and Facebook Pages.)
So, if you have Telegram and want to join this experiment, head over to this link and say hello >> https://t.me/asiatechreview 
Don’t expect me to do all the talking though, the idea is to bring like-minded people together for discussions.
TechCrunch Singapore Meetup: I’m hosting an event in Singapore on IPOs later this month – November 23 – with Sea Chairman Nick Nash and Razer CEO Min-Liang Tan. Their two listings raised over $1.3B, so if you’re in Singapore that day you’ll want to come and hear their insight.
We’ll have ticket info (they’ll be free) this week on TechCrunch.com so stay tuned.
Ok, this very long intro is over and that’s all for this week – see you again next Monday!
Jon

China
Alibaba smashes its Single’s Day record once again as sales cross $25 billion
Musical.ly sold to Toutiao owner Bytedance for $880M-$1B
Meituan-Dianping may go public next year
Tencent buys another 12% of Snap
Tencent is developing its own self-driving tech
LinkedIn removes job listings from individuals
Chinese search engine Sogou up 4% following IPO
Airbnb's new China strategy includes a focus on quality and quantity
Hong Kong
Tencent's China Literature jumps 80% in IPO
Razer to raise upwards of $529M in IPO
WeLab raises $220M from investors including Alibaba
India
Flipkart to launch its own smartphone under the Billion brand
PayPal gets serious about India
India’s Uber rival Ola to license connected car platform to vehicle makers worldwide
Japan
Nintendo plans to massively increase Switch product
Goldman Sachs on lookout for promising Japanese startups
Amazon launches its Echo devices and Alexa in Japan
Southeast Asia
Uber CEO says Southeast Asia remains unprofitable
ShopBack raises $25M for its cash back shopping service in Southeast Asia
The Philippine's outsourcing industry braces for AI
Smartkarma raises $13.5 million
Kaodim raises $7M for its home services platform
Grab crosses 1 billion rides
In Indonesia there's a startup offering vehicle wrap ads
Recommended Reads
China’s technology ambitions could upset the global trade order link
Uber is taking a new approach to Asia: working with taxi firms and governments rather than against them link
A look at how JD.com is using tech to battle Alibaba link
The Chinese government is Facebook’s biggest advertisers in Asia, despite the fact that it blocks the service in China link
Crazy statistics from China’s biggest shopping day of the year link
Thorough recap of the mess Facebook has made in Southeast Asia and why it can’t handle it link
Why Toutiao owner Bytedance, which just bought Musical.ly, is no longer a secret outside of China link
Insightful interview with Tencent’s long-time chief exploration officer David Wallerstein on how the business started and what it looks for in future tech link
Not Asia but interesting >> A dive into concerns around children’s content on YouTube link
See you next week!
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