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Last Week in Tech: Rocky Apple-China relationship and India’s electric car dreams – A N I T H
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Last Week in Tech: Rocky Apple-China relationship and India’s electric car dreams

Last Week in Tech: Rocky Apple-China relationship and India’s electric car dreams


Photo credit: Justin Sullivan via Getty Images

Is a US ban on iPhones possible? What did “China’s greatest angel investor” just bet on in Southeast Asia? Why are tech companies investing in a pig farm?

Welcome to Last Week in Tech, where we look back at what happened in the tech and startup ecosystem in the last seven days. We’ve also collated a list of regional events to look forward to in the week ahead for your convenience.

Love it? Hate it? Let us know in the comments below!

Upcoming Events

How to build an amazing tech team
Thursday, 11 May
7 – 9 pm SGT
GA Singapore, Spacemob
Level 3, 8 Claymore Hill, Spacemob
Singapore

Join General Assembly and award-winning recruitment agency Xpand at a sharing session to discover tips and tricks to building an amazing data team. This session is catered toward hiring managers, company founders and data professionals where they’ll pick up tips from recruitment experts, improve their knowledge of product hiring tactics and connect with others.

Quick Bites

A snapshot of last weeks’ news in sentences.

Apple’s in trouble

Big dreams, big promises

Tesla Model 3 launch date

Will India’s electrifying plans mean more Teslas on the streets? Photo credit: Tesla.

  • Anticipating H-1B reforms, Indian tech giant Infosys pledges to hire 10,000 American workers. (Catherine Shu / Techcrunch)
  • Indian government thinktank drafts blueprint aimed at electrifying all vehicles in the country by 2032. (Aditi Shah / Reuters)
  • Singapore’s National Research Foundation will invest up to US$107 million over five years in AI.SG, a government-backed initiative to advance AI research, development, and practical use locally. (Michael Tegos / Tech in Asia)

“I’m not interested in feasible business plans but amazing ideas and out-of-the-box thinking that’ll impact the world. If you show me your business plan, I’d say: throw it away!” – Taizo Son on being the lookout for SEAsian investments.

“First.”

The prize for weird funding news goes to…

black pig

Photo credit: crystaltmc / 123RF.

  • Weiyang, a techie pig farm in China that just raised US$23 million from a prominent VC and big brands to produce premium pork. Oink oink, bitches. (Steven Millward / Tech in Asia)

Keep your eyes on this

Funding news

  • Sydney-based robo-advisor and fund management firm Stockpot raised a US$2.2 million series B round. (Michael Tegos / Tech in Asia)
  • Leading Indian car marketplace CarTrade acquires startup Adroit Inspection, whose resources and credentials will help fix used car paranoia. (Malavika Velayanikal / Tech in Asia)
  • Indian ride-hailing app Ola extends their runway with a US$365 million round, continues to battle Uber for homeground. (Sumit Chakraberty / Tech in Asia)
  • Singapore’s largest renewable energy provider Sunseap raises US$4.8 million as part of its US$75 million series C round. This would place them in top 10 valuations in Southeast Asia. (Judith Balea / Tech in Asia)
  • Chinese live streaming company Live.me raised a US$60 million series A to brings virtual gifting from a crowded chinese market to western audiences (Eva Xiao / Tech in Asia)

Must Reads

  • An NUS Enterprise study says startups should be ‘gazelles’: having an increasing revenue at a rate of 20 percent annually for more than four years, starting from US$1 million. (Michael Tegos / Tech in Asia)
  • India’s Silicon Valley may be flourishing as a tech hub, but it is dying of thirst. (Samanth Subramanth / WIRED)

This post Last Week in Tech: Rocky Apple-China relationship and India’s electric car dreams appeared first on Tech in Asia.



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