Southeast Asia

All you need to know about what happened in the tech world today.

Tencent will buy up to USD50 million worth of the notes.

Plus, Douyin taps into e-commerce. Amazon to bring its staffless stores to two more cities. 

AVANA’s co-founder, Yien Yee, has also been recently selected to be a part of Alibaba’s e-Founders Fellowship Programme.

Plus, NIO is reportedly planning for a US IPO. Uber’s Frances Frei is leaving the company. 

Gobi Partners has raised nine funds to date, and has invested in over 170 portfolio companies across China and ASEAN.

Gobi Partners currently has three ASEAN-oriented funds. Overall, the firm has invested in 172 startups in China, Hong Kong and Southeast Asia.

Plus, Uber lost records on 57 million customers and drivers. License for online microloan is expected to become extremely expensive in China.