Despite restrictive new rules, China’s mobile gaming revenue will hit $8.3 billion in 2017

ChinaTech in Asia — China’s government has made it much harder for game developers to make mobile games, but China’s mobile gamers haven’t become any less interested in playing them. That’s the conclusion reached by research firm Niko Partners in its latest report on China’s mobile gaming industry. According to the report:

Flipkart may finally have a decent payments solution to take on Paytm, Snapdeal

IndiaTech in Asia — India’s biggest ecommerce company, Flipkart, finally launched its own digital wallet PhonePe this week. The wallet officially started working on subsidiary Myntra today. Flipkart tied up with India’s Yes Bank to launch what it is calling “India’s first unified payments interface-based mobile payments app.”

Japan’s hottest unicorn Mercari is charging into the US

JapanTech in Asia — Mercari is Japan’s youngest unicorn and first tech company pegged with the title since 2008. Lately it’s been busy shining its horn to charge into the US ecommerce market. Unlike most Japanese companies, Mercari is focusing 90 percent of its resources on the States, said co-founder and CEO Shintaro Yamada on stage today at Tech in Asia’s Tokyo conference.

Xiaomi’s Online Payment Service Opens In China

ChinaChina Tech News — China’s Xiaomi cooperated with China UnionPay in launching its payment service MI Pay. With this move, Xiaomi becomes yet another smartphone maker that chas ooperated with China UnionPay in launching mobile payment services, following Apple and Samsung. Prior to this, China’s Huawei also launched its payment service, but Huawei’s partner is Bank of China.

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Fintech startup Call Levels has grown its user base 20x in the past year

SingaporeTech in Asia — As fashionable as fintech is right now, it’s no walk in the park when you have a company you need to grow. Fintech is not only a heavily regulated space, but you have all kinds of financial behemoths to beat – or impress enough for them to invite you to the club.

Tencent’s Splurge on Entertainment Pays Off in Record Profit

ChinaBloomberg — Tencent Holdings Ltd.’s shopping spree on premium content from Game of Thrones to NBA broadcasts has again helped defy investors’ expectations and a slowing Chinese economy. Second-quarter sales and profit beat analysts’ estimates as the operator of the WeChat and QQ social network services splashed out on mobile games and content — including anything from anime and comics to novels.

China Wants More Media Giants

ChinaVariety — China’s media regulator Monday called for the country to accelerate the growth of competitive media conglomerates. The State Administration of Press Publication, Radio, Film and Television said that the integration of different media “falls short of central authorities’ requirement and public expectation,” and set a target of 2020 for improvement, reported state news agency Xinhua.

China Wants More Media Giants

Blockchain proves successful in Myanmar microfinance test

MyanmarNikkei — TOKYO — An experiment to create a low-cost and highly reliable blockchain infrastructure to record financial transactions is gathering steam in Myanmar. Blockchain is a distributed database that maintains a continuously-growing list of data records that are difficult to tamper or revise. The technology serves as the public ledger of transactions using the virtual currency bitcoin.

Credit Suisse launches digital private banking app in Hong Kong

Hong KongEnterprise Innovation — Credit Suisse has released an enhanced private banking app available to customers with accounts in Hong Kong. The bank’s initial digital private banking platform was first rolled out in Singapore in March 2015.  More than 12 months of client usage analysis and usability testing led to the launch of an enhanced version of the app launched in Hong Kong, with a brand new design and client user interface as well as additional language capabilities.

Singapore banks eye Facebook IDs for transfers

SingaporeFT — Banks in Singapore are collaborating on a new service that would allow customers to make payments using Facebook IDs or Twitter username. The system will allow electronic transfers between account holders who have registered their social media identities with their banks, allowing users to make payments by selecting the payee’s Facebook ID instead of typing in an account number and sort code.

How Tencent is taking over global gaming

ChinaTech in Asia — Tencent has done it again. The Chinese social and gaming giant has for years now been one of China’s biggest overseas investors, but its most recent purchase may take the cake: the company has splashed US$8.9 billion to acquire Supercell. Supercell, the Finnish mobile game developer behind the global hit Clash of Clans, is the second-biggest mobile game company on earth according to Pocket Gamer, and it did a whopping US$2.3 billion in saleslast year.

Southeast Asian ecommerce is about to reach a whole new level

ThailandTech in Asia — Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20 percent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. An investment into Ascend Money, parent of True Money and Ascend Nano, would help Ant Financial expand its online payments and small loans business in Southeast Asia.

Android Pay makes its debut in Asia starting with Singapore

Singapore9TO5 Google — Android Pay has been very slowly making its way around the world and today the service has finally arrived in Asia — or at least for those in Singapore. Users in Singapore are able to download and activate Android Pay on their devices right now as long as their bank is compatible with the service.

Android Pay makes its debut in Asia starting with Singapore

MediaTek joins China Mobile 5G project

TaiwanDigi Times — MediaTek has announced its participation in China Mobile’s 5G Joint Innovation Center project. MediaTek is also collaborating with Japan’s NTT DoCoMo on future 5G deployment. Earlier in 2016, the pair announced their partnership for 5G technology development and trials.

Google Launches Android Pay In Asia, Singapore To Get It First

SingaporeForbes — After launching in both the United States and the United Kingdom, Android Pay, Google’s contactless smartphone payment solution is finally making landfall in Asia. Singapore will be the first Asian market to gain access to Android Pay with Singaporeans able to load and MasterCard credit and debit cards from six banks including DBS and Standard Chartered onto their Android smartphones.

Amazon To March Into Indonesia With $600 Million: Winners And Losers

IndonesiaBarrons — has said it plans to expand its e-commerce empire to Indonesia, with a $600 million investment for the first year. It makes perfect business sense. E-commerce sales in Indonesia are only about $3.2 billion, a tiny fraction of the $150 billion retail market. Indonesia is also the world’s 4th most populous country with a population of 250 million.

Zurich Offers Post Cyber Attack Response Service in APAC

APACInsurance Journal — Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can recover from damaging cyber attacks with minimum disruption, Zurich said in a statement.

Line and WeChat Strike Advertising Gold

APACWSJ — Marketing on mobile messaging apps has yet to take root in the U.S. and Europe in a big way, but it is already in full swing in Asia. And even then, Japan’s Line and China’s WeChat, two of the dominant mobile messaging applications in the region, are just beginning to scratch the surface of a potential advertising gold mine.

​Samsung launches 1g-weighing 512GB SSD

KoreaZDNet — Samsung has begun mass production of solid-state drive (SSD) that weights only 1 gram but can pack up to 512GB memory for PCs, the company announced. The world’s largest memory chip maker launched the PM971-NVMe series, the first non-volatile memory express (NVMe) SSDs in a single ball grid array (BGA) package.

Qualcomm introduces new processor for targeted-purpose wearables, from TW

TaiwanEnterprise Innovation — Qualcomm unveiled at COMPUTEX 2016, Taiwan’s annual ICT trade show, a new Snapdragon processor for the targeted-purpose wearables segments such as connected kid and elderly watches, fitness trackers, smart headsets, and wearable accessories. The Snapdragon Wear 1100 is designed for the next generation of targeted-purpose wearable segments. Qualcomm said it is smaller, has longer battery life, smarter sensing, and an always connected experience.

Amazon partners with Vodafone India to boost offline sales

IndiaMobile World Live — Online retail giant Amazon is partnering with India’s second largest operator Vodafone to sell handsets at the operator’s retail outlets in a move to boost its offline presence in the country. The two firms starting selling handsets available on Amazon at 40 Vodafone shops in Bengaluru, the Economic Times said. The idea is to attract buyers, who are reluctant to shop online, to brick-and-mortar stores.

Amazon partners with Vodafone India to boost offline sales

Samsung says IoT will drive semiconductor sales

KoreaZDNet — Samsung will secure more market share than its rivals in the expanding Internet of Things (IoT) market by increasing its competence in semiconductors, a senior executive has said. The company will also add value by providing more complete solutions needed for the IoT, especially security and the cloud.

Indonesia, South Korea central bank websites hit by cyber attacks; no losses

APACReuters — The central banks of Indonesia and South Korea have been hit by cyber attacks on their public websites since activist hacking group Anonymous pledged last month to target banks across the world, senior officials in the two countries told Reuters. In response to the attempted hacks, Bank Indonesia (BI) has blocked 149 regions that don’t usually access its website, including several small African countries, Deputy Governor Ronald Waas said in an interview late on Monday.

SEAOIL Philippines embraces cloud computing

PhilippinesMIS Asia — Fuel company SEAOIL Philippines has moved its Enterprise Resource Planning (ERP) system to the cloud to meet the changing needs of the market. For six years, the company ran their ERP system on hardware, which was failing to meet the business requirements for performance and availability during peak periods.

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.

India’s fintech revolution is primed to put banks out of business

IndiaTech Crunch — While global stock markets reset and U.S. tech unicorns readjust to new expectations and valuations, India’s tech renaissance is just beginning to flourish. Infosys founder Nandan Nilekani calls it India’s “WhatsApp Moment,” echoing how a simple software solution from Silicon Valley turned the Asian telecommunications industry upside down, making obsolete decades of infrastructure, business models and loyal customer relationships with massive telecom operators.

India’s fintech revolution is primed to put banks out of business

Tencent partners to expand WeChat Pay in Japan

JapanMobile World Live — Chinese internet giant Tencent is partnering with Japanese social data provider Hotto Link to roll out its WeChat Pay service to 10,000 stores in Japan by the end of the year. According to Nikkei Asia Review, only a few Japanese stores have adopted WeChat Pay, which is targeted at Chinese travellers who account for a quarter of all visitors to Japan and spend a lot more than other groups.

Tencent partners to expand WeChat Pay in Japan

YouTube launches Smart Offline feature in India

IndiaTimes of India — Video streaming service YouTube has rolled out a new feature. Dubbed ‘Smart Offline,’ the feature lets users download videos at cheaper night time data rates offered by mobile operators in India. “Today, we are beginning to roll out a feature called Smart Offline on YouTube that lets you take advantage of the cheaper data rates as offered by your mobile operator, without requiring you to stay up late at night,” Google wrote on its India blog.

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.

1 in 3 POS terminals to be mobile by 2021

APACTelecom Asia — Smartphone and tablet-based mobile point-of sale (POS) terminals will handle 40% of all retail transaction value by 2021, up from an expected 12% in 2016, a new study from Juniper Research showed. The research firm forecasts that the use of mPOS systems will account for more than 1 in 3 POS terminals by 2021, driven by larger retailers adopting mPOS as part of an array of point-of-sale options.