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Asia’s startups: May 2020

17 country/jurisdiction focused startup news collections, gathering coverage of the headline items in that country’s startup ecosystem across May 2020.

Summaries are collected at month-end, hence the lag between today’s date and the monthly startup news collections below.

For tech-specific collections – covering blockchain, fintech, artificial intelligence, and cryptocurrency news – see the Other News section.

Australia: May 2020

  • Australia-founded GO1 enterprise learning platform gains $40M from Microsoft, Salesforce and others
  • An interview intro to Sprintlaw, startup using tech to make legal services affordable for small business…

Australia: May 2020 >

Blockchain Australia

Cambodia: May 2020

  • An interview intro to BuyLoy e-shopping platform
  • Wing mobile payment solutions provider and Techo Startup Center partner to support innovators across the Kingdom…

Cambodia: May 2020 >

Techo Startup Center, Cambodia

China: May 2020

  • Shanghai’s Double Five shopping festival delivers major boost to consumer spending in COVID-19 outbreak – $2.2BN sales in 24 hrs
  • E-sports market breaks $16BN value, with 470M consumers; 47% in mobile games and 24% in PC games…

China: May 2020 >

Tiananmen Mothers don't forget

Hong Kong: May 2020

  • Hong Kong-based ZuBlu secures $1M seed funding with focus on scuba diving and underwater-focused adventure travellers
  • Ecoinno raises $6M with compostable food packaging made from sugar cane and bamboo, initially focusing on coffee capsules and single-use food containers…

Hong Kong: May 2020 >

Fintech Association of Hong Kong

India: May 2020

  • Data shows India now has more internet users in rural areas than in urban cities – 227M active users, 10% more than urban India’s 205M
  • LetsVenture launches LetsVenture Plus growth-stage investment platform seeking participation from family offices and ultra-high net-worth individuals…

India: May 2020 >

Walrus fintech, India

Indonesia: May 2020

  • Bonza big data analytics company secures funding from East Ventures
  • Delman startup raises $1.6M with focus on cleaning and preparing data for analysis…

Indonesia: May 2020 >

Akadasia partners IndonesiaX

Japan: May 2020

  • An overview of Tokyo Metropolitan Government’s Special Loan Program for Women, Youth and Senior entrepreneurs
  • JETRO Kyoto launches English-language Startup Visa program website to boost information related to Kyoto’s startup ecosystems…

Japan: May 2020 >

Startup Capital Kyoto initiative

South Korea: May 2020

  • Shinhan Financial Group to participate in creating a ‘Korean Silicon Valley’ in Incheon city, running a one-stop accelerator program
  • Samsung Pay unveils first details of its forthcoming debit card under Samsung Money by SoFi brand, partnering with Mastercard…

South Korea: May 2020 >

K-Startup Grand Challenge, Korea

Malaysia: May 2020

  • Selangor Accelerator Program 2020 opens applications for Malaysian tech startups, a 4-month program taking startups from idea validation to growth
  • 3 winning startups selected from 1337 Ventures’ first Alpha Startup Digital Accelerator, working in proptech, vending and recruitment…

Malaysia: May 2020 >

Alfred fintech, Malaysia

Myanmar: May 2020

  • Wave Money mobile financial services platform gains $73.5M investment from China’s Ant Financial, operator of Alipay…

Myanmar: May 2020 >

Lesswalk, Myanmar

New Zealand: May 2020

  • An intro to Rocos, robot operations software platform firm partnering Boston Dynamics to use Spot robot in different ways, including agriculture
  • Another look at NZ-founded Soul Machines, creating AI-driven life-like virtual personas…

New Zealand: May 2020 >

Investor's guide to the New Zealand tech sector

The Philippines: may 2020

  • Workbean HR startup and its recently-launched crowdsourcing campaign to list employers that are still hiring through the COVID-19 pandemic
  • “Take the Philippines as an example…it’s not hard to imagine how fast Libra could become the preferred tender of Filipinos everywhere”…

The Philippines: May 2020 >

Singapore: May 2020

  • An intro to Singapore-based Goama Games, subscription-based gaming and e-sports platform
  • FoodRazor lands $900K with platform providing food-and-beverage operators with invoice management, digitizing details from printed receipts…

Singapore: May 2020 >

Blockchain Association of Singapore

Sri Lanka: May 2020

  • Applications for Colombo Founder Institute program are now open, with final deadline set for August…

Sri Lanka: May 2020 >

Sri Lanka Startup Report 2019

Taiwan: May 2020

  • Financial Supervisory Commission considering establishing new trading platform, making it easier for SMEs to raise funds for expansion
  • XRSpace, started by co-founder of HTC, launches Manova virtual world and Mova goggles, aiming to deliver a social VR experience like Ready Player One…

Taiwan: May 2020 >

Numbers, Taiwan blockchain startup

Thailand: May 2020

  • InVent, VC arm of InTouch telecoms firm, aiming to invest $6M a year in startups in 5G and advanced technology
  • AIS, country’s largest cell network, takes unsecured database offline following leak of estimated 8BN real-time ‘net records on millions of internet users…

Thailand: May 2020 >

Startup Thailand

Vietnam: May 2020

  • Plans for ‘Vietnam’s Silicon Valley’ initiative prompt Ho Chi Minh City to plan merge of three districts into one ‘innovative urban area’
  • Voiz FM audiobook and podcast platform gains seed funding from 500 Startups…

Vietnam: May 2020 >

LoShip Vietnam 1-hour e-commerce

Monthly startup news: Asia and PacificMonthly startup news across Asia: 17 countries and jurisdictions

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