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 →
