Tech in Asia weekly briefing︱June 16th

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East Asia

🇨🇳 Mainland China

  • Eswin raises $283 million to boost semiconductor production in China
  • Chinese auto giant secures $113 million for its semiconductor making arm
  • Open-source graph database VESoft raises $8 million to expand business
  • Alibaba plans to add 5,000 staff to its cloud business
  • Livestreaming e-commerce continues to gain prominence in China
  • The National Bureau of Statistics released data of total retail sales of consumer goods, showing that the growth rate of online retail sales continued to increase in size and proportion to offline sales

🇯🇵 Japan

  • Local services marketplace Zehimoto raises $7.5 million in series B funding
  • Digital satellite broadcaster SKY PerfecTV! announces plans to build satellites to remove space debris with lasers
  • Japan’s largest house developer Sekisui House plans to use blockchain technology to simplify various procedures including contracting
  • The Internet Initiative and Shizuoka Prefecture are participating in a joint research group to adjust water levels in rice paddies remotely
  • Tokyo Metropolitan Government launches the “Tokyo Tech Team” for developing services that can be used by multiple bureaus and departments in the city

Southeast Asia

🇮🇩 Indonesia

  • 5-month-old supply chain, inventory, and working capital startup Ula raises $10.6 million for its wholesale e-commerce marketplace

🇲🇾 Malaysia

  • B2B marketplace Dropee partners with the Ministry of Agriculture and Food Industries to maintain a stable food supply chain

🇻🇳 Vietnam

  • Offline-to-online real estate platform Propzy raises $25 million in series A funding

🇵🇭 Philippines

  • Tonik Financial raises $21 million to launch a digital bank in the Philippines

South Asia

🇮🇳 India

  • Jio Platforms attracts another $850 million from US-based private equity firms TPG and L Catterton
  • Swedish mobile voice and messaging firm Sinch announces an agreement to buy the Indian firm ACL mobile for $70 million to leverage the company’s connections with local mobile operators
  • Twitter announces plans to bring Fleets, its version of Instagram Stories, to India 

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