Tech in Asia weekly briefing︱August 18th

This will be our last weekly briefing, but we will continue to publish other articles periodically. Thank you for all of your support so far! If you would like to get in contact, please drop us an email at contact@asiaobservatory.com.

East Asia

🇨🇳 Mainland China

  • Xiaomi CEO pledges $1.4 billion in R&D at the company’s 10th anniversary event
  • ByteDance hedges bets with the online education market as its TikTok business takes serious hits worldwide
  • HR tool Moka closes $43 million series B round
  • Tencent buys minority stake in French games maker Voodoo

Hong Kong

  • Alibaba set to join Hong Kong’s new tech index
  • Google to reject data requests from the Hong Kong government, treating the territory the same as Mainland China

🇯🇵 Japan

  • Tech giant SoftBank says its profits rose 12% in April-June from a year earlier
  • All national universities in Japan now control exports of sensitive technology
  • Free AI service allows users to determine whether they are wearing a face covering and can politely ask them to put one of if they are not

Southeast Asia

🇸🇬 Singapore

  • The Monetary Authority of Singapore commits $182 million to develop the fintech sector
  • Singapore-based e-commerce company Anchanto raises $12 million in a new financing round

South Asia

🇮🇳 India

  • Reliance, India’s largest company by market cap, reportedly in talks to invest in TikTok in a potential bid for the social media platform to resume operations in the country
  • Microsoft in talks with TikTok’s Indian competitor ShareChat to invest $100 million
  • Local industry body Consideration of All India Traders (CAIT) seeks to bar Chinese tech companies Huawei and ZTE from participating in the deployment of the country’s 5G network
  • India’s OneCard credit card-maker FPL Technologies lands $10 million
  • Walmart-owned Indian e-commerce giant Flipkart launches its first accelerator program to mentor startups 

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