Tech in Asia weekly briefing︱July 7th

East Asia

🇨🇳 Mainland China

  • Apple removes 3,330 games from China’s iOS App Store as it closes a loophole which allowed unlicensed paid games to list on the platform
  • Luckin Coffee confirms $300 million revenue fraud
  • The British government reverses a decision to let Huawei play a significant role in building the country’s 5G infrastructure
  • Tesla opens reservations for its Cybertruck in China, testing the market’s appetite for the vehicle

Hong Kong

  • Facebook and Twitter confirm they have suspended processing demands for user data from Hong Kong authorities following the introduction of the Hong Kong national security law in the territory and TikTok plans to exit the territory “within days”

🇯🇵 Japan

  • Japanese companies to receive government support in developing post-5G technologies
  • Universities and research institutes can now access the RIKEN supercomputer via cloud infrastructure
  • A new app is released to offer help, including lawyer information, to those working in exploitative work environments
  • Uber launches in Tokyo
  • Convenience store chain FamilyMart to introduce remote-controlled robots to some of its stores to save on labour
  • With baseball matches going on without crowds in Japan, a digital version of tossing money into a hat has begun to connect players with their fans at matches
  • Sony announces its new product “Wear,” a device that can be attached to innerwear to cool down the body

🇰🇷 South Korea

  • The South Korean government plans to develop a blockchain registry to help analyse, anonymise, and store clinical data for diabetes
  • The South Korean government acknowledges it is permanently keeping data on patients from previous epidemics, worrying privacy advocates

Southeast Asia

🇮🇩 Indonesia

  • Online beauty marketplace Social Bella announces $58 million in new funding to expand business

🇸🇬 Singapore

  • AI mapping solutions startup NextBillion raises $7 million in a series A funding round
  • Cloud karaoke startup Popsical receives $5 million in series A funding to upgrade products and expand overseas

🇻🇳 Vietnam

  • Survey: Vietnamese say technology is taking over their lives, but they’re not worried about it

South Asia

🇮🇳 India

  • Intel to invest $253.5 million in Jio Platforms
  • Zetwerk, a B2B marketplace for manufacturing items, raises $21 million to scale up operations and help local businesses find customers overseas
  • Payment gateway and India’s most valuable startup Paytm announces agreement to acquire insurance firm Raheja QBE for $76 million
  • Facebook announces a partnership with the Central Board of Secondary Education to launch a certified curriculum on digital safety and online well-being

🇱🇰 Sri Lanka

  • Sri Lanka’s central bank to soon start development of its blockchain-based KYC platform

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