Asia Tech Review: November 21 2017

Revue
 
Welcome back,Lots of news from China this week including Tencent becoming the first Chinese firm to h
 
November 21 · Issue #53 · View online
Asia Tech Review
Welcome back,
Lots of news from China this week including Tencent becoming the first Chinese firm to hit a $500B valuation, another major investment in a physical retailer from Alibaba, and a very unique take on home speakers from Baidu.
BAT news aside, Razer and Yixin continued the Hong Kong IPOs, Facebook is making plans for India, and, in Southeast Asia, Tech In Asia and aCommerce both announced anticipated funding rounds.
This week is a busy one me. The Singapore Meetup takes places Thursday, and then it’s on to TechCrunch China in Shanghai Monday and Tuesday.
The Telegram group has been going for a week and is up to 79 members: you join at https://t.me/asiatechreview
See you next week!
Jon

China
Another blockbuster quarter takes Tencent's market cap past $500B
Alibaba invests $2.9B in hypermarket operator Sun Art to continue offline retail push
VW teams up with Chinese partners in $12B electric car push
Baidu announces two very unique smart speakers
Qualcomm announces investment in Mobike and eight other Chinese startups
China's third biggest bike-sharing startup headed to the deadpool
AWS isn’t exiting China, but Amazon did sell physical assets to comply with Chinese law
China ticketing platform Maoyan raises $150 million from Tencent
Hong Kong
Razer surges on public debut
Online car retailer Yixin goes public in Hong Kong
Fashion startup Grana raises undisclosed debt funding
India
Facebook opens marketplace for trial, plans video streaming service
Virgin Hyperloop One lines up two preliminary studies in India
Japan
Airbnb probed for antitrust violations
Japanese pawn shop app Cash acquired for $62.2M by DMM
Google doubles down on Japan
Southeast Asia
aCommerce lands $65M led by KKR-backed Emerald Media
Singapore plans to regulate 'some' ICOs
Tech In Asia raises $6.6M led by Korean conglomerate Hanwha
Tencent to introduce WeChat services in Malaysia
Active.ai raises $8.25M Series A
Go-Jek reportedly acquires payment firm Kartuku
Recommended Reads
One of Korea’s biggest crypto exchanges went down during a critical time link
An insider’s account of how Go-Jek hit 900x scale in 18 months link
Profile of Meituan-Dianping, the $30B-valued local services giant in China that is getting into ride-sharing and other areas link
Why Japan leads the world on high-speed trains link
The city on the North Korean border where Chinese come to peer in link
See you next week!
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Carefully curated by Jon Russell with Revue.
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