Tech in Asia weekly briefing︱June 9th

East Asia

🇨🇳 Mainland China

  • China’s tech giants turn to street vendors following government support for economic boost
  • Tencent Cloud announces plans for a blockchain alliance with 100 members including enterprises, industry associations, investment firms, universities, and think tanks
  • Chinese electronics company Xiaomi caught collecting user data without permission. Xiaomi defended its actions saying the data was anonymised, which has not gone down well with its users
  • Xiaomi begins pre-research into 6G

🇯🇵 Japan

  • Healthtech startup Ubie raises $18.7 million in series B investment
  • GINKAN, which manages restaurant discovery platform SynchroLife, raises $2.6 million to develop its services and fund marketing campaigns
  • Coincheck customers fall victim to a data breach after attackers accessed one of its domain accounts and used it to impersonate the cryptocurrency exchange
  • Ministry of Internal Affairs and Communications announces plans to standardise QR codes for payments in Japan
  • The long-awaited ECG function on the Apple Watch looks set to pass Japanese standards
  • Restaurant chain Yayoi-Ken introduces robots for serving rice to fight COVID-19
  • Streaming service Showroom introduces an ultra-low latency mode with lag reduced to a minimum of 0.5 seconds

🇰🇷 South Korea

  • South Korean prosecutors file an arrest warrant for Samsung’s anointed heir and two other former executives for accounting fraud and a controversial merger

Southeast Asia

🇮🇩 Indonesia

  • Facebook and PayPal invest in ride-hailing giant Gojek
  • Gojek’s video-streaming service GoPlay closes its first independent funding round
  • Southeast Asian venture capital firm Kejora Capital and Japanese financial conglomerate SBI Holdings announce $30 million joint venture fund for early-stage investments in Indonesia

🇸🇬 Singapore

  • Singapore government-linked EDBI and Seeds Capital announce a $205 million fund to support startups in Singapore and help sustain their growth throughout the pandemic
  • Digital construction management startup Hubble raises $3.6 million to expand in Southeast Asia
  • Legaltech startup Intelllex raises $2.1 million to expand in Asia-Pacific and Europe

🇵🇭 Philippines

  • Philippine-based fintech startup Ayannah and Indian payments company Electric Cash and Payment Solutions (ECAP) announce pan-Asian merger to provide digital financial services to the middle class in the region

🇰🇭 Cambodia

  • Singapore-based ride-hailing and food delivery provider Grab expands grocery service to Cambodia

South Asia

🇮🇳 India

  • Jio Platforms to receive $1.2 billion from Abu Dhabi’s sovereign investment firm
  • Silver Lake to buy an additional $600 million stake in Jio Platforms
  • Amazon reportedly considering a $2 billion stake in Indian telecom operator Bharti Airtel
  • Facebook strikes a deal with Sargegama, one of India’s oldest and largest music labels
  • Google and Walmart-owned PhonePe race to dominate mobile payments in India as WhatsApp struggles to launch
  • Online financial services marketplace BankBazaar raises $6 million from investors including South Korea’s second-largest telecom

🇵🇰 Pakistan

  • Startup accelerator Y Combinator-backed Tajir raises $1.8 million to help digitise neighbourhood stores 

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