Tech in Asia weekly briefing︱June 30th

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East Asia

🇨🇳 Mainland China

  • Following the recent border clash, the Indian government bans 59 Chinese apps, including TikTok and WeChat
  • Learning app Zuoyebang raises $750 million
  • China’s GPS competitor is now fully launched – according to Chinese state media nearly 70% of all Chinese handsets are capable of processing signals from the satellites
  • One of China’s most valuable artificial intelligence chipmakers eyes $400 million IPO
  • Following its accounting scandal, Luckin Coffee admits Nasdaq wants to delist the company and it will not contest the decision
  • Didi’s robototaxi service kicks off in Shanghai – passengers can request free rides in self-driving vehicles
  • Telegram pledges to make anti-censorship tools for China and Iran

🇯🇵 Japan

  • Supercomputer Fugaku reclaims the top spot on the TOP500
  • Litigation for civil trials move online
  • Research shows telecommuting has led to many in Japan working longer hours than usual

Southeast Asia

🇮🇩 Indonesia

  • BRI Ventures’ new tech fund to help Indonesian startups thrive amid COVID-19
  • Indonesian ride-hailing giant Gojek announces it is laying off 430 employees, around 9% of its total workforce

🇸🇬 Singapore

  • Alternative protein startup Shiok Meats raises $3 million to set up its first manufacturing plant in Singapore

🇲🇲 Myanmar

  • The world’s longest internet blackout in Rakhine State enters its second year

South Asia

🇮🇳 India

  • Alphabet’s CapitalG leads $27.5 million round in fintech startup Aye Finance
  • Fintech startup Slice raises $6 million in pre-series B round
  • India’s antitrust watchdog approves Facebook’s $5.7 billion deal with Jio Platforms
  • Google to offer loans to merchants in India
  • Amazon launches “Smart Stores” in India to work with mom and pop shops
  • Indian central bank tightens regulations for digital lending startups
  • H-1B visa suspension in the USA to particularly affect Indians

🇱🇰 Sri Lanka

  • Tech firm developing an app to deal with swallowing disability to receive a grant from Microsoft

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