Tech in Asia weekly briefing︱July 28th

East Asia

🇨🇳 Mainland China

  • Online food delivery company Missfresh raises $495 million
  • TikTok unveils a $200 million fund for American content creators
  • Tencent eyes up full control of long-term search ally Sogou

Hong Kong

  • Hong Kong to launch a new Nasdaq-like technology index following the recent migration of Chinese tech listings to the territory
  • A draft document reveals the EU plans to limit tech exports to Hong Kong that may be used for repression or surveillance
  • South Korea’s Naver moves its data centre from Hong Kong to Singapore

🇯🇵 Japan

  • The pandemic has failed to speed up the uptake of cloud computing: only around 31% of Japanese companies use SaaS for the businesses
  • According to a Cabinet Office survey, 67.3% of companies are now telecommuting, 60% of respondents are willing to continue telecommuting, but 34.6% are experiencing loneliness
  • Mobile phone operator Docomo trials 5G-powered remote medical support for surgeons

Southeast Asia

🇮🇩 Indonesia

  • Southeast Asia’s biggest travel app Traveloka raises $250 million to help bolster its operations amid the pandemic and as domestic travel starts to pick up in the region

🇸🇬 Singapore

  • Influencer marketing platform Partipost raises $3.5 million in series A funding

🇵🇭 Philippines

  • Philippines now has 16 cryptocurrency exchanges approved by the central bank

South Asia

🇮🇳 India

  • Local language learning startup Entri raises $3.1 million to build a “Udemy for India”  
  • Indian e-commerce giant Flipkart, owned by Walmart, acquires a 100% stake in Walmart India
  • Apple begins assembling the iPhone 11 in India
  • Zoom to open a tech centre in Bengaluru as part of an expansion push in the country
  • WhatsApp pilots projects to deliver credit, insurance, and pension services to users in India
  • Amazon now sells auto insurance in India
  • Netflix tests new low-cost subscription plan in India
  • Snapchat’s India user base more than doubled in Q2

🇵🇰 Pakistan

  • Pakistan issues a “final warning” to TikTok over “immoral, obscene, and vulgar content”

🇧🇩 Bangladesh

  • Bangladesh’s regulator has ordered telecom operators and other internet providers to stop providing free access to social media, citing misuse by some people to commit crimes 

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