East Asia
🇨🇳 Mainland China
- TikTok owner ByteDance considers listing its China business in Hong Kong or Shanghai → and President Trump gives TikTok until September 15 to sell its US business to Microsoft or face a ban →
- Online travel giant Ctrip the latest of Chinese tech firms to be in talks with investors to delist from Nasdaq →
- China’s central bank urges antitrust probe into Alipay, WeChat Pay →
- China’s electric SUV maker Li Auto raises $1.1 billion in US IPO →
- China now accounts for nearly one-quarter of Tesla revenue →
Hong Kong
- EMQ, a startup that develops network infrastructure to make international payments faster, raises $20 million in series B investments for expanding business, product development, and licensing →
- Uber ditches plans to move its Asia headquarters from Singapore to Hong Kong →
Taiwan
- Taiwan’s Digital Minister supports a dedicated personal data protection agency before electronic identification cards are introduced next year →
🇯🇵 Japan
- Six financial businesses under or invested in by Yahoo operator ZHD will reunite under the PayPal brand →
- Japan’s ruling party urges the government to restrict the use of Chinese-developed apps like TikTok to protect sensitive information better – a bill is currently being drafted →
- Toshiba announces the beginning of research and development for a next-generation cryptography technology named the “quantum cryptography network” in collaboration with NEC, Mitsubishi Electric, and the University of Tokyo →
🇰🇷 South Korea
- Samsung posts double-digit growth in Q2 →
Southeast Asia
🇵🇭 Philippines
- Taxing tech giants moves closer to becoming law after a lower house committee approves a draft bill →
🇹🇭 Thailand
- Line’s Thai delivery app Line Man raises $110 million and merges with its domestic partner →
South Asia
🇮🇳 India
- Apple’s partners and Samsung apply for India’s $6.6 billion local smartphone production program →
- Toppr, one of the largest online learning startups in India, secures $46 million in a new financing round to scale its platform →
- TikTok tells Indian authorities it’s ready to store user data locally →
- Indian court summons Alibaba founder Jack Ma over subsidiary UC News accused of spreading fake news and censoring news critical of China →
