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Asia Tech Review: November 5 2018

November 5 · Issue #91 · View online
Asia Tech Review
Welcome back!
We’re in the middle of the earnings season which, though I don’t find it fun myself, has seen Alibaba, Sony, Baidu, Nintendo, Samsung and others open the books on how they’re doing. Up later is Tencent – which is worth watching closely because it has struggled with China’s ban on new games and the US-China trade war.
That’s not until November 16, but more imminently is Single’s Day – November 11, aka China’s huge shopping festival which is the largest in the world by some margin. Alibaba and have been increasing their efforts to globalize it in recent years so you might be able to get your hands on a decent deal, although I’ve never seen anything worth buying on sale in Southeast Asia so far.
Closing out with a little TechCrunch promotion: we’ve hired Rita Liao to cover China for us (go follow her on Twitter if you didn’t yet) and have our latest Shenzhen event coming up on November 19-20, drop me a line if you plan to be there.
That’s all for now, see you again next week!
♥️ ATR is totally free so share the love and spread word to friends who will enjoy it ♥️

US restricts exports to Chinese semiconductor firm
Alibaba cuts its revenue forecast as growth slackens
Ad revenue and video help Baidu top forecasts
Didi reportedly weighs foray into hotel-booking business
Tencent is launching its own version of Snap Spectacles
Hillhouse goes after food and beverage startups with $100M fund
Meituan announces first restructuring plan since IPO
Hong Kong
Hong Kong's securities watchdog may regulate crypto exchanges
Social commerce startup Goxip lands $1.4M investment to add flexible payments
Tiger Global is reportedly ready to invest in India again
SoftBank may lead $120M-$150M deal for Grofers
Government bans 800 porn sites
Nintendo needs a heck of a holiday season to meet Switch sales goal
Sony forecasts record annual profit as PlayStation keeps growing
Chat app Line’s games business raises $110M for growth opportunities
Samsung third-quarter earnings: strong semiconductor sales
Bitstamp exchange acquired by Nexon
Lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit
Southeast Asia
KKR’s latest Southeast Asia bet is a $144M investment in PropertyGuru
Southeast Asia’s Grab pulls in $200M from travel giant Booking
Indonesian fintech firm Akulaku raises US$70 million
Go-Jek is reportedly now valued at $9 billion
Space debris removal startup Astroscale raises $50m Series D
AnyMind, which uses AI for advertising, marketing and HR, raises $13.4M
Fintech startup And Systems gets $2.8M for Southeast Asia growth
Interesting Reads
How Foxconn’s $4.1 billion Wisconsin factory deal has unraveled link
Inside Indonesia’s fake news war room link
China has been ‘hijacking the vital internet backbone of western countries’ link
China accounts for 1/3 of hit game PUBG downloads, but it hasn’t made a dime there link
Overview of the companies competing in China’s live-video streaming space link
Profile of Toss, one of Korea’s largest payment apps that was founded by a dentist and harbors international expansion plans link
China is increasing VPN blocking efforts link
A look at China’s high tech security gadgets link
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