Tech in Asia weekly briefing︱July 21st

East Asia

🇨🇳 Mainland China

  • China’s biggest chipmaker, SMIC, set for a $6.6 billion IPO in Shanghai on Thursday
  • Alibaba-backed smart electric vehicle company Xpeng Motors raises $500 million in series C+ round
  • Alibaba’s fintech division Ant Financial tops 1.3 billion active users possible IPO later this year in Hong Kong and Shanghai
  • Weibo becomes the latest of several prominent tech companies in China to pursue privatisation

Hong Kong

  • VPN providers rethink Hong Kong servers following the commencement of the national security law

🇯🇵 Japan

  • Tokyo Skytree, the tallest tower in the world, deploys new fully autonomous drone guard system

Southeast Asia

🇮🇩 Indonesia

  • Grab and Gojek are being used to intimidate activists in Indonesia

South Asia

🇮🇳 India

  • Google invests $4.5 billion for a 7.73% stake in Jio Platforms
  • Walmart increases its majority-stake in Indian e-commerce giant Flipkart
  • Online tutoring platform Vendantu raises $100 million in series D financing round
  • A government-appointed panel recommends a new data regulatory to oversee how companies collect, process, store, monetise, and destroy non-personal/anonymised data 

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