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Asia Tech Review: October 8 2018

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Welcome back! Last week's biggest story -- and one of the biggest of the year -- was Bloomberg's repo
 
October 8 · Issue #88 · View online
Asia Tech Review
Welcome back!
Last week’s biggest story – and one of the biggest of the year – was Bloomberg’s report that the Chinese government infiltrated Apple, Amazon and other US companies by secretly embedding ‘spying’ chips on their services using motherboards from US firm Supermicro. There’s already lots of chatter – particularly since all the companies firmly rejected the claims – since the story feeds into concerns around supply chain vulnerabilities in China.
Elsewhere, Tencent is reportedly investing in India’s Delhivery, Southeast Asia unicorns Grab and Traveloka are said to be raising more money, and Hong Kong is now dishing out China-style vengeance on journalists who have ruffled its feathers.
I’m on vacation in the UK for two weeks, hence this email going out later than usual, but I expect to send the newsletter out as usual baring, perhaps, a little time delay. So see you next week!
Jon

China
How China used a tiny chip to infiltrate US companies
SoftBank reportedly plans to invest $50M in Baidu education spin-off
Tencent Music, China’s largest streaming service with 800M users, files for US IPO
Tencent injects $317.6m into Chinese anime streaming site Bilibili
Hong Kong
Hong Kong expels Financial Times editor
AI accelerator Zeroth bags $3M investment from digital media firm Animoca
India
SoftBank Vision Fund may invest $200-$250M in Delhivery
Byju's reportedly raises $100M at a $2B valuation
Truecaller adds a messaging feature
Vahdam Teas raises $2.5M to grow its tea-commerce business in the US
Zoho domains central to keylogger and data theft campaigns worldwide
India's politicians are flocking to 'no English' messaging platform ShareChat
Japan
Saudi Arabia commits $45B to SoftBank's second Vision Fund
SoftBank and Toyota team up to develop services powered by self-driving vehicles
Korea
Samsung forecasts record Q3 profits
Southeast Asia
Grab is reportedly raising another $1B including $500M from SoftBank
Traveloka is reportedly raising $400M
Tencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines
Philippines SME lending startup First Circle raises $26M
Go-Jek is close to launching a ride-hailing service in Singapore
Interesting Reads
A look at how WeChat failed in India, which is WhatsApp’s largest market link
Sony’s new boss speaks about his rebuilding challenge link
How the internet is being customized to reach India’s rural users link
FT board on Hong Kong’s decision to expel editor Victor Mallet link
The rise of India-based kids YouTube channel ChuChuTV link
Funding in China and India is growing despite a drop in the US link
Facebook is using its experiences in Myanmar to improve its efforts in Africa link
Bloomberg’s explosive China chip story highlights the challenge of national security reporting link
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