Asia’s tech news weekly: October 18th

In this edition: China’s judicial blockchain; Cambodia and ‘startup nation’ Israel; one Indian village’s digital detox; Oppo loses Nokia patent case; Australian 2.2M user data breach; and more.

• China: 12 months on from ban, regulators shut 13 crypto-trading apps, 23 crypto media sites, 440 online promoter accounts, 2 bank accounts offering crypto over-the-counter transactions, and more

• India: Village of 3000 in Maharashtra declares ‘independence’ from TV and mobile internet ‘addiction’ for two hours every day in bid for digital detox

• Philippines: Gov’t enacts law requiring all SIM cards to be registered, aiming to curb mobile phone scams and related crimes

• India: Hubbler platform raises $1.5M with focus on no-and-low-code digitization of business processes

• National Payments Corporation of India’s international arm partners France’s Worldline multinational payment services firm to support Indian digital payment modes in Europe

• Thailand: PropertyScout gains $5M with end-to-end real estate platform connecting realtors to buyers, renters, and owners

Swift / Capgemini: Connecting digital islands — CBDCs

• Singapore: Gomu raises $5M with white-label platform providing NFT communities with hubs, marketplaces and token-gated communities without requiring experience with blockchain tech

• Australia: Woolworths supermarket giant’s MyDeal unit suffers data breach, exposing details of 2.2M customer’s details

• China’s Oppo, world’s 4th-largest smartphone firm, loses legal case brought by Nokia over patents in Germany, resulting in Oppo smartphone sales ban

• ByteDance, parent company of TikTok, enters talks with music labels to expand music streaming service into over a dozen markets, directly in competition with Spotify

• China: “Computer-generated avatars are considered a safer option by companies as Beijing cracks down on human celebrities deemed politically outspoken or with questionable morals.”

• Singapore: Pillow cryptocurrency investment platform secures $18M Series A, looking to build on emerging markets focus and existing offerings in Nigeria, Ghana, Vietnam and others

• Hong Kong: PayPal HK halts payments to HK pro-democracy group, citing unspecified ‘excessive risks’ most likely associated with increasing China ‘security’ law pressures

HSBC: The 10x potential of tokenisation

• US national security-related ban likely forthcoming for China’s Huawei and ZTE on all new device sales in the US, alongside ban on surveillance equipment from 3 other Chinese firms

• Indonesia: Waste4Change gains $5M Series A funding with tech monitoring and recording processes in waste management flow, providing automation in material recovery facilities

• Vietnam: Piktina raises $1M with online marketplace for secondhand fashion

• Cambodia: An overview of insights gained by Cambodian entrepreneur group’s recent visit to ‘startup nation’ Israel

• Girls in Tech Startup Challenge 2022 applications are now open, through to November 25th

• She Loves Tech Australia Pitch Final takes place in Melbourne on Thursday 20th October, with 10 women-led tech startups set to present

• Philippines: Digital Pilipinas Festival takes place October 17th to 21st

• China: Sewingtech raises more than $1.39M in angel funding with robotics-driven automation in garment production

The Future Of Authentication In Financial Services / & Entersekt

• Lufthansa Technik Philippines selects LTP Startup Challenge finalists, with Thailand’s Block Aero and Singapore’s Augmenteed in the top 4

• Philippines: UBX and Unit 256 partner to launch country’s first tokenized NFT platform, lowering ownership costs with fractionalization

• China: Judicial blockchain platform has stored over 2.6BN items of evidence, an increase of 18% since May this year

• South Korea: CLASSUM education-tech raises $11M pre-Series B with interactive learning platform used by more than 6000 organizations across 32 countries

• South Korea’s COMEUP 2022 startup festival is set for November 9–11, showcasing the country’s rising tech firms and solutions

Australia’s International Cyber Engagement Strategy

ICYMI: In other news

Wider-world technology news with broad Asia Pacific relevance, or simply providing larger points of reference and food for thought.

» European Commission mulls financing fibre optic cable connecting Europe to Asia via the Arctic in bid to minimize cable vulnerabilities and avoid ‘single points of failure’

» The Digital Asset Classification Standard, from CoinDesk

» A brief intro to 10 fast-moving ‘ghost kitchens’ startups globally

» Google & Coinbase ink deal — Google to accept crypto for some cloud computing clients, with Coinbase receiving a percentage of payments which allows them to diversify away from revenue based on trading volume

» Meta partners Microsoft to bring a range of MS Office 365 products into Meta’s virtual reality platform, aiming to draw companies in to work in virtual environments

» Facebook to close down Bulletin newsletter subscription service, its Substack competitor product, in 2023

» Meta identifies over 400 malicious Android and iOS apps — in Google and Apple stores — intended to steal Facebook logins, disguised as games, VPNs, photo editors and more

» Visa payments giant is launching crypto debit cards in more than 40 countries, partnering FTX crypto exchange

AC Ventures: Scaling Impact With Technology / ESG adoption in Indonesia


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All things tech, startup & funding: Short form for the time-poor at Startup News Asia