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Asia Tech Review: September 2 2019

Welcome back, This week I'm headed to Singapore. If you are in town, there will be an ATR meetup (fea
September 2 · Issue #128 · View online
Asia Tech Review
Welcome back,
This week I’m headed to Singapore. If you are in town, there will be an ATR meetup (featuring venerable Bloomberg columnist Tim Culpan) on Wednesday from 7pm at Club Meatballs on Cross Street, hope to see you there. [Full details on Eventbrite here, feel free to share.]
Now on to this week’s newsletter, which includes a little duplication of important stories since last week’s newsletter went out on Wednesday.
See you again next week!

Sources say China used iPhone hack to target Uyghur Muslims
Your weekly dose of weird: Elon Musk and Jack Ma on stage link (also an argument for good moderators)
Didi announced it will trial self-driving taxis in China, and later overseas markets link
The US is now reportedly probing Huawei over allegations of IP theft link
Meituan is profitable – didn’t see that one coming link
AI firm Megvii (known a Face++) is to go public via a Hong Kong IPO link
The US government may block an undersea cable that could enable faster internet in China link
Selfie company Meitu is buying a majority stake in job hunting platform Dajie for $50M link
Google will reportedly move Pixel phone product from China to Vietnam link
China declined to renew a visa for a Singaporean reporter for WSJ who wrote about money laundering accusations within President Xi Jinping’s family link
Podcast: Xiaomi is not a services company, despite its claims link
Hong Kong
Telegram will reportedly introduce feature to protect identity of Hong Kong protesters
E-commerce startup Udaan reportedly raised $300M at a valuation of $2.2B
Bloomberg looked at Foxconn’s growing manufacturing base in India link
Related, Apple could begin online sales in India “within months” link – but its first retail store will take some time link
Dream11 could raise as much a $500M via SoftBank, Naspers and others link
Flipkart is said to invest $40M into logistics startup Shadowfax link
PE money is increasingly going into startups in India link 🔒
Online glasses seller Lenskart could reach $1B valuation through a secondary sale link
Not a huge surprise, but B2B companies in India are increasingly moving to the US to develop their business link
Online tutoring company Vedantu raised $44M link
Inside India’s battle to win QR code payments link 🔒
An overview of SoftBank's second Vision Fund
North Korea is targeted retired diplomats and military officials in South Korea link
Southeast Asia
Amazon is talking to Go-Jek about an investment
Long-time early-stage investor East Ventures closed its sixth fund at $75M – which it said is more than double its $30M target link
Grab is pumping $500M into Vietnam, looks to be following similar playbook to Indonesia link
Singapore’s digital banking licenses could open a new era of finance in the country – but rules may prevent unprofitable companies like Grab from taking part link
Co-working companies in Southeast Asia are struggling amid a slowdown link
Fitbit struck a deal to equip Singapore citizens with its fitness tracker devices as part of national health initiative link
Fintech startup C88 acquired Indonesia-based IDX Optus link
Golden Gate Ventures’ growth fund with Korea’s Hanwha is now official link
Outside of Asia tech
The situation in Hong Kong is escalating link
There are fears Bangkok could be submerged by rising sea levels link
Something positive: Capiche is a new service aimed at making business software pricing more transparent by sharing what people pay link
Photo of the week
The Verge has a colourful collection of photos from Sony’s 40-year Walkman anniversary exhibition in Tokyo
Upcoming events
Asia Tech Review Singapore Meetup: 4 September in Singapore link
Deal Street Asia’s PE-VC Summit: 17-18 September in Singapore link
Tech In Asia Conference: 8-9 October in Jakarta, Indonesia link
TechCrunch Shenzhen: 9-12 November in Shenzhen, China link
If you run a tech event not listed here or want to recommend an addition, please email me
That's all for now, see you next week!
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