Alibaba founding member is backing this $37m Singapore fund to invest in startups

SingaporeTech in Asia — Venturecraft, a startup accelerator partnering with government agency SPRING Singapore’s Sector-Specific Accelerator program, has launched a new US$37 million fund to bet on growth stage medtech and internet startups in Asia. The first investment out of the second fund is in Mirxes, a Singapore startup spun out of government research agency A*STAR that’s developing a test to diagnose a range of diseases using just a drop of blood.

Alibaba Cloud partners with Infocomm Investments to bridge SE Asia’s and China’s ecosystem

Singaporee27 —  cloud computing arm of Chinese internet giant Alibaba, Alibaba Cloud has announced it has signed a a Memorandum of Intent (MOI) with government-backed VC Infocomm Investments Pte Ltd (IIPL) to ramp up innovation in Singapore’s tech ecosystem.

Amazon Web Services opens first ‘Region’ in India

IndiaEnterprise Innovation — Amazon Web Services, (AWS), a global cloud computing platform, has launched two data centres in Mumbai recently, taking the total number of Availability Zones (AZs) to 35 across 13 technology infrastructure regions globally. With these data centres, Mumbai becomes the sixth region in Asia Pacific.

Amazon commits $3 billion more for India

IndiaTimes of India — BENGALURU/MUMBAI: As the Seattle-based e-commerce juggernaut Amazon closes in on the pole position of the Indian e-commerce market, its founder & CEO Jeff Bezos has announced that his company will pump in an additional $3 billion investment into India, taking its total capital commitment here to $5 billion.

Giant Huawei is harnessing Thailand’s digital potential

ThailandNation Multimedia — The recent establishment of Chinese tech giant Huawei’s Regional Headquarters (RHQ) in Bangkok is another signal that Thailand could become a truly digital hub for Southeast Asia. Huawei’s first technology and innovation centre in Southeast Asia, the RHQ, includes a training centre and state-of-the-art customer experience centre, occupying over 4,000 square metres in central Bangkok.

Amazon more than doubles investment in Indian market

IndiaAsia Times — Jeff Bezos, the chief executive of, announced on Tuesday, that his company will boost its investment in India by an additional $3 billion, on top of the $2 billion investment announced in 2014, for a total of $5 billion. Bezos made the announcement before India’s Prime Minister Narendra Modi at the CEO Roundtable of the U.S.-India Business Council’s (USIBC) 41st Annual Leadership Summit in Washington, D.C.

Microsoft’s Partner Strategy in China

ChinaWSJ — Peggy Johnson, executive vice president of business development at Microsoft Corp., has been one of the biggest change agents at the Redmond, Wash.-based tech titan since Chief Executive Satya Nadella brought her on board in 2014. Wall Street Journal Deputy Editor in Chief Rebecca Blumenstein spoke with her about the company’s push for partnerships and its plans for Asia. Edited excerpts follow.

Amazon to invest additional Rs 1,350 crore in its India unit

IndiaTimes of India — BENGALURU: Amazon has invested an additional Rs 1,350 crore (about $200 million) in its India unit this year, stepping on the pedal as it seeks to accelerate the momentum gained in the past 18 months. The latest investment in Amazon Seller Services, disclosed in regulatory filings on May 31, takes the total capital infused into the main India unit since early 2015 to Rs 8,618 crore.

China: Social networking app Tantan secures $32m Series C ; ChinaEquity picks 11.1% stake in electric firm

ChinaDeal Street Asia — Chinese dating app Tantan has raised a $32 million Series C round of financing from a group of investors led by DST Global, Vision Plus Capital and LB Investment. “After this round of funding, we plan to continue focusing on [user] pain points, improving daily usage, and consolidating our position in the social application industry,” PR spokesperson from Tantan told TechNode.

China: Social networking app Tantan secures $32m Series C ; ChinaEquity picks 11.1% stake in electric firm

Alibaba’s Hong Kong fund throws cash at ‘Uber for vans’ startup GoGoVan

Hong KongTech in Asia — On-demand logistics startup GogoVan raised a series C funding round, it announced today. The funding amount is undisclosed, but is described as “a decent amount for future business expansion.” The round was led by private equity firm New Horizon Capital and was joined by Singapore Press Holdings, Hotung Investment Holdings, and existing investors. Alibaba’s new US$130 million Hong Kong Entrepreneurs Fund also participated.

Why Apple’s $1 Billion Didi Deal Is A Sign Of Things To Come

ChinaForbes — In the 12 hours since Apple’s announced investment in Uber’s main Chinese rival, commentators have struggled to figure out why. Could $1 billion for Didi Chuxing show that Apple’s car-building efforts are further along than expected? Unlikely. Could the large investment be to integrate the computer maker’s new services, like Apple Music, Apple Maps, and Apple Pay into China?

China Unicom earmarks $2.2B for network upgrades in Shanghai

ChinaMobile World Live — China Unicom has committed to investing CNY14 billion ($2.2 billion) to upgrade its mobile networks and fibre infrastructure in Shanghai over the next five years. The operator, China’s second largest by number of subscribers, was the first to sign an “Internet +” cooperation agreement with the Shanghai municipal government, according to

China Unicom earmarks $2.2B for network upgrades in Shanghai

Singapore, China, India among the top 10 markets for foreign investment in 2016

APACTech in Asia  — Singapore has entered the top ten of the AT Kearney Foreign Direct Investment (FDI) Confidence Index in 2016, jumping up five places since last year to reach tenth, and narrowly failing to reclaim the number 9 spot it held in 2014. The FDI Index is a barometer of how a country’s political and financial developments will impact foreign direct investment going into it – that is, how likely companies from one country are to invest in companies based in another.

Alibaba’s Ant Financial raises record $4.5bn

ChinaNikkei — HONG KONG — A financial affiliate of China’s e-commerce giant Alibaba Group Holding has received $4.5 billion from state-backed investors, in a fundraising round said to be the biggest ever for a privately held Internet company.

They made billions outsourcing, now they’re investing in India’s new age tech startups

India in Asia — India’s IT honchos made their billions from the IT services and outsourcing boom of the nineties and naughties. Now they’re investing in the new generation of entrepreneurs. The latest is a new fund for early stage startups called Ideaspring.

Alibaba Cloud launches global start-up program

ChinaEnterprise Innovation — Alibaba Cloud has launched its 2016 global start-up program dubbed “Create@Alibaba Cloud,” aimed at championing start-ups and maximizing their potential through Alibaba’s support network and suite of cloud infrastructure services. “Through our program, we hope to make our sophisticated networking solutions and big-data intelligence also available to start-ups and small enterprises to accelerate their business growth,” Yu Sicheng, VP of Alibaba Cloud.

Alibaba Invests USD1 Billion To Control Southeast Asia E-commerce Leader

ChinaChina Tech News — Alibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million to subscribe new shares and the remaining to purchase from certain shareholders. Michael Evans, president of Alibaba Group, said that the investment in Lazada will allow Alibaba to enter an e-commerce platform with a large and growing consumer group outside China.

Alibaba Invests USD1 Billion To Control Southeast Asia E-commerce Leader

Alibaba’s UCWeb announces $20m for India’s game developers

IndiaTech in Asia —- Alibaba’s UCWeb, maker of UC Browser, today announced US$20 million in resources to be shared with independent and startup game developers in India. Called the 9Apps In Dev program, it will provide up to US$500,000 to a game developer. UCWeb expects to support 100 Indian gaming startups within two years.

Telstra invests in NGINX web server

AustraliaZDNet — Telstra’s venture capital arm Telstra Ventures has invested an undisclosed amount in United States web server provider NGINX, boosting the company’s ability to expand throughout the APAC region. According to Mark Sherman, managing director of Telstra Ventures, Telstra eyed the investment as an opportunity to expand its provision of application delivery and deployment services.

China’s Tencent in talks for $2 billion loan; Eyes expansion

ChinaAsia Times  — Much like in the US, China’s Internet giants are borrowing large amounts of money in order to take each other on for dominance of the online market. On Friday, it was reported that Tencent Holdings, best known for its WeChat mobile app, is seeking a loan of up to $2 billion, two people involved in the financing told Thomson Reuters LPC, a loan-focused news service.

Confirmed: Alibaba invested $1.25 billion in China’s top food delivery startup

ChinaTech in Asia — Chinese tech giant Alibaba has sure been busy of late. The ink is barely dry on its US$1 billion deal with Lazada, and now we’ve got confirmation that it has also invested US$1.25 billion in Chinese food delivery startup Last week, we wrote that the investment had almost definitely happened because Alibaba’s Joe Tsai had joined’s board, but neither side had officially confirmed the news or revealed the details of the transaction. Today, finally spilled the beans.

Beijing to invest around $1.5 billion to upgrade local ‘Silicon Valley’

ChinaTimes of India — BEIJING: China will invest around $1.5 billion to upgrade Beijing’s Zhongguancun district or the “Silicon Valley of China”, an area with a strong presence of technology companies. According to authorities, the 7.2 km (4.4 miles) of Zhongguancun street, or its immediate vicinity, is the hub of Chinese technology companies such as Xiaomi mobile manufacturers, and where multinational companies, including Google, Intel, Sony and Ericsson have established research and development centres, EFE news reported on Monday.

Xiaomi invests $25 million in India

IndiaTimes of India — Xiaomi has made its first investment in India, leading a $25 million (Rs 170 crore) funding round into Hungama Digital Media Entertainment, an aggregator and publisher of entertainment content on the internet. Xiaomi, which will invest along with Hungama’s existing investors Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala, will pick up a minority, but undisclosed, stake in the Mumbai-based company.

Foxconn Group to invest JPY388.812 billion in Sharp

TaiwanFoxconn Electronics, its Cayman Islands-registered subsidiary Foxconn (Far East), Singapore-based Foxconn Technology Pte. and SIO International Holdings will together acquire 3.282 billion new common shares to be issued by Sharp to expand paid-in capital at JPY88 per share and a total price of JPY388.812 billion (US$3.42 billion) for a combined stake of 66.00%, according to Foxconn Electronics.

Cisco To Invest $100 Million in India To Push Digitisation And Train 250,000 Students

IndiaDaze Info — Cisco with revenue of US $49.2 billion  and total employee strength of 71,833  has decided to help Indian start-ups bloom. The Company has decided to invest US $100 million in India for the next 18-24 months for the digitalization all throughout the Country. John Thomas Chambers, Executive Chairman – Cisco, believes it will also help in creating jobs and faster innovations in the region. Cisco announced in the presence of its executive Chairman on Friday about all the investment design and how it is going to be implemented.

Alibaba-backed YTO Express to list via $2.7 billion reverse merger

ChinaTimes of India — SHANGHAI/SINGAPORE: Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China’se-commerce boom.

A unicorn is born: China’s version of Twitch lands big funding from Tencent, Sequoia

ChinaTech in Asia — To many, watching other people play video games sounds like a special rung of hell. But has proven that the younger generations are into it, and that they’re willing to spend quite a bit of money following their favorite streamers. In China, Douyu TV is doing the same thing. And it just finalized a US$100 million investment to help further its expansion.

Thai telecom market let down by state mis-investment

ThailandTelecom Asia— Telecoms consultancy Yozzo has released a report on Thailand’s telecom market at the end of 2015 in which it highlighted a vibrant, healthy market that is let down by mis-investment by the state. Report author Allan Rasmussen told TelecomAsia that according to the ICT Ministry’s own national statistical office 25 million Thai citizens do not use the internet because they do not know how, 47,000 do not use the internet because of network access issues and 216,000 because they find it too expensive.

Apple to invest in Vietnam for the first time: media

VietnamVietnam Net — The new facility is scheduled to operate as a Research & Development (R&D) centre of the firm. This will be the first project Apple has ever initiated in Vietnam. The project is currently still in the planning stage. Apple is considering locations for the facility, possibly in Hanoi, according to–media.html

Japan’s Gunosy invests $5M in Indonesia-based Kurio, a fellow news-reading app

JapanTech Crunch — In a case of one news-reader app helping another, Japan’s Gunosy has invested $5 million in Indonesia-based Kurio. Gunosy went public in Tokyo last year; this year it has embarked on a series of investments, which included the acquisition of game strategy site Game8. Now it is turning to Southeast Asia by stumping up the cash for Kurio’s Series B round, which values the Indonesian startup at around $12 million, according to a filing.

Japan’s Gunosy invests $5M in Indonesia-based Kurio, a fellow news-reading app