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Asia Tech Review: September 3 2018

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Welcome back, I'm in San Francisco this week for TechCrunch's 2018 Disrupt event -- let me know if yo
 
September 3 · Issue #84 · View online
Asia Tech Review
Welcome back,
I’m in San Francisco this week for TechCrunch’s 2018 Disrupt event – let me know if you’re around! – so next week’s issue might be a little lighter than usual.
Getting to the here and now, here’s a quick look at the biggest news in Asia tech from the last seven days:
🔔 Meituan’s IPO could value it at $55B
🇮🇳 Paytm becomes Berkshire Hathaway’s first India investment
💳 Google is rebranding Tez and giving it more retail features
💸 Line launches its own cryptocurrency
See you again next week!
Jon
The ATR group on Telegram (lots of people and good banter, come say hi!)

China
China's Meituan Dianping sets HK IPO valuation at up to $55 billion: sources | Reuters
ZTE reports $1.1B loss
Alibaba reportedly cans US cloud expansion
Crypto exchange Huobi buys public firm ahead of potential reverse IPO
Baidu's new AI model training platform doesn't need code
A challenger to WeChat is gaining steam in China
India
Warren Buffet's Berkshire Hathaway invests in Paytm
Google is supercharging its Tez payment service in India ahead of global expansion
Xiaomi backs Indian consumer lending startup ZestMoney in $13.4M deal
Amazon buys Tapzo for $40M-$45M
Japan
Line hopes its own crypto token can solve its user growth problem
Korea
Terra is an ambitious crypto project to build a stable coin through e-commerce
Southeast Asia
Grab to invest $250M in Indonesian startups
Go-Jek is reportedly in talks to buy JD Finance Indonesia
Facebook bans Myanmar military accounts for ‘enabling human rights abuses’
VinaCapital unveils $100M tech fund
Travelstop brings business travel management to SMEs and startups in Southeast Asia
Interesting Reads
India is pushing back again overseas tech giants link
China aspires to develop its own Bay Area using Hong Kong and Taiwan link
Insurance firms in Asia as moving into fintech and health link
A look into Tencent’s investment strategy link
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