Tech in Asia weekly briefing︱August 11th

East Asia

🇨🇳 Mainland China

  • President Trump gives WeChat the same ultimatum as TikTok; 45 days to sell its US operations or face a ban in the country
  • Ucommune, the world’s second-largest coworking space provider after WeWork, withdraws $100 million US IPO and eyes backdoor listing

🇯🇵 Japan

  • A personal data breach caused by a glitch overwrites 390,000 Yahoo Japan IDs with other people’s personal details
  • Line’s cryptocurrency “LINK” is now listed on a Japanese crypto exchange
  • As telecommuting becomes more prevalent, Tokyo’s population begins to decline
  • A survey reveals civil servants are still not equipped with sufficient telecommuting tools to work from home

Southeast Asia

🇮🇩 Indonesia

  • Street-side eaterie retail startup Wahyoo raises $5 million in series A funding
  • Facebook, Disney, and TikTok have been added to the list of tech companies that are obligated to apply a 10% value-added tax on sales to Indonesian customers

🇸🇬 Singapore

  • Trade finance startup Incomlend raises $20 million in a new financing round led by Sequoia India

🇹🇭 Thailand

  • Thailand’s top agro-industrial conglomerate, Charoen Pokphand Group, to buy Hong Kong-based e-commerce platform Chilindo for $18 million to expand its digital business as consumer behaviours change

South Asia

🇮🇳 India

  • Edtech company Byju acquires 18-month-old Mumbai-based online learning company WhiteHat Jr for $300 million and looks to raise $400 million to expand business
  • Sequoia Capital leads $2.5 million pre-series A round in video analytics startup Wobot Intelligence
  • Google to roll out its digital learning platform to 23 million students and teachers in Maharashtra state
  • Amazon partners with Bharti Airtel, India’s third-largest telecom operator, to sell AWS services to businesses in the country

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