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Asia Tech Review: October 1 2018

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Welcome back and hello October, There's once again a lot of IPO and major funding deal news from Asia
 
October 1 · Issue #87 · View online
Asia Tech Review
Welcome back and hello October,
There’s once again a lot of IPO and major funding deal news from Asia’s tech scene. Bytedance, the Chinese firm behind news app Toutiao and the popular US service formerly known as Musical.ly, is in talks to raise $1.5B at a valuation of $75 billion, which would make it the world’s most valuable ‘startup.’
Elsewhere, crypto mining firm Bitmain filed the initial paperwork to go public in Hong Kong therein opening a trove of fascinating data and numbers. Electric scooter company Niu is next from China to test the US public markets with plans to raise $150M from a Nasdaq listing.
You may also have caught my story on Tech In Asia which dropped on Friday. People who think reporters enjoy writing negatively about their peers have it all wrong, it is the other way around entirely. Ultimately, though, we are paid to write stories, it isn’t personal at all.
Catch you again next week with more of what you need to know from Asia’s tech scene.
See you then!
Jon

China
Bytedance reportedly in talks with SoftBank, KKR and General Atlantic to raise a $75B valuation
Crypto mining giant Bitmain reveals heady growth as it files for IPO
Electric scooter startup Niu files for $150M US IPO
After Huami, another Xiaomi partner goes public in the US
Tencent’s AI programs defeat Starcraft’s own AI
Baidu says it has 100M mini-program users
Google dodges Senate questions on China product
India
Hotel network OYO raises $1B for international growth
Crypto exchange Zebpay halts trading
Vahdam Teas raises $2.5M to grow its tea-commerce business in the US
Times Internet debuts free streaming service to nab a piece of India's massive video market
Japan
Didi Chuxing launches taxi-hailing service
LINE announces 5 dapps
Southeast Asia
Tech In Asia lays off staff after canceling planned ICO
Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger
Grab may take investment from Thailand's Central
JD.com and Central launch e-commerce joint venture in Thailand
Venturra Capital launches $15M seed-stage fund
Tima raises $3M for consumer lending in Vietnam
Interesting Reads
Must read on SoftBank’s Vision Fund link
Behind Tencent’s recent reorg link
Binance is focused on fiat exchanges and decentralized trading for growth link
Profile of OYO’s rise to $5 billion startup link
When Meituan stops chasing Didi it might be profitable link
Facebook met with governments in Myanmar, Philippines and Sri Lanka to discuss its misinformation problem link
China’s splits the internet while the US dithers link
Snapdeal founders on how they turned the business around after rejecting Flipkart acquisition link
Some Chinese cities/stores are impossible if you don’t use WeChat for payments link
Facebook has finally found someone for its scariest job in India link
Insightful podcast with Binance founder on a range of topics, including its rise out of nowhere and regulatory concerns link
Southeast Asia could hit $5 trillion growth mark link
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