Tech in Asia weekly briefing︱May 12th

East Asia

🇨🇳 Mainland China

  • Wuhan plans to test all 11 million residents amid new cases of COVID-19
  • Sony suspends China Playstation Store for security reasons following Nintendo and iOS App Store gaming clampdowns
  • After six years of making loses amounting to $5.5 billion, transportation platform DiDi finally turns a profit
  • Telsa sales tumble by nearly two-thirds from March
  • HIVE BOX, a self-pickup and drop-off service, receives criticism for the introduction of storage fees

Hong Kong

  • HKEX CEO Charles Li Xiaojia calls for data alliance across the industry

🇯🇵 Japan

  • Microsoft Japan offers online educational environment Microsoft 365 Education to schools in Tokyo
  • NEC plans to build a platform which will allow businesses to complete online identification of users using personal information held by financial institutions, replacing mail-based systems
  • Tokyo Game Show, Japan’s largest game fair, announces cancellation of this year’s event and considers holding the event online
  • Upcoming home workout app tracks the number of squats done using the iPhone’s camera

🇰🇷 South Korea

  • Zepeto, which renders selfies onto animated avatars, hits 150 million users

Southeast Asia

🇮🇩 Indonesia

  • Cashlez, a mobile point of sale (POS) startup, becomes Indonesia’s first fintech payment startup to be publicly listed
  • Fast-moving consumer goods company GudangAda receives $25.4 million in series A funding led by Sequoia India and Alpha JWC
  • Klikdaily, a supply chain startup, announces an undisclosed amount of series A funding
  • Furniture marketplace Dekoruma closes pre-series C funding round
  • Super app Gojek adds online investments function, starting with gold
  • Multiplatform media company IDN Media announces the acquisition of an independent film company and launches a tech-based film unit

🇸🇬 Singapore

  • Financial marketplace GoBears acquires digital consumer lender AsiaKredit for an undisclosed sum
  • Cross-border payment firm Nium finishes undisclosed funding round joined by Visa and others
  • Gaming lifestyle brand Razer to set up vending machines for masks
  • Hummingbird Bioscience receives $25 million in extended series B funding round
  • SME lending platform Validus gets $14 million in ongoing series B+ funding round
  • Quantum computing startup Entropica Labs receives $1.8 million in seed funding


  • Digital payments startup Digio receives $4 million in series B funding


  • Apple to begin producing millions of AirPods in Vietnam for the first time
  • Vietnamese fitness startup WeFit files for bankruptcy

South Asia

🇮🇳 India

  • Following Facebook and Silver Lake investments, Vista Equity Partners to invest $1.5 billion in Jio Platforms
  • Glance, which provides media content, news, and games on the lock screen of Android smartphones, hits 100 million daily active users
  • Uber plans to lay off 700 employees amid many global layoffs for the company
  • Samsung, Xiaomi, and others resume smartphone production in India
  • Xiaomi launches Mi Commerce in India, which allows users to browse products and find nearby sellers

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