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10 of our hottest tech stories, lists, and features for your weekend reading

SOTW - weekend reading

Things are still moving fast in Asia as the northern hemisphere warms up and June approaches. Stay up to date with all of our biggest stories from the past week.

1. Ecommerce giant Rakuten now has its own cafe in Japan, and it looks pretty snazzy

Rakuten is jumping on the bandwagon with the launch of Rakuten CAFE, a cozy eatery that doubles as a playground for all-things-Rakuten.

2. In China, there’s now a “Xiaomi of condoms” startup. And it just got $5M in funding

The company hopes it can distinguish itself by zero-ing in on giving customers what they want, when they want it – that’s where the Xiaomi legacy starts to show.

3. In Hong Kong, prominent angel investor’s dealings raise red flags

According to sources familiar with the situation, Jong Lee is currently involved in a series of civil lawsuits both in Hong Kong and abroad.

4. Alibaba to sink $250M into SingPost, Singapore’s postal service, in an effort to clinch Southeast Asia

Chinese ecommerce giant Alibaba announced today that it has purchased a 10 percent stake in SingPost, Singapore’s national postal service, for S$312.5 million (about US$250 million).

5. Apple opens office in Indonesia

The Apple office is located at the World Trade Center II building in Jakarta – the same building as Baidu Indonesia and Intel Indonesia.


Lists

1. A portrait of China’s biggest tech CEOs: visionaries, copycats, and playboys

We interviewed about a dozen native Chinese people in Beijing to find out a) who they saw as their entrepreneurial celebrities and b) what they thought of them.

2. Chinaccelerator lands in Shanghai with 9 new startups to watch

Chinaccelerator held its fifth Demo Day yesterday for its newest batch of graduating startups. It was the first one since the program relocated from Dalian to be closer to the Chinese tech action – and the hipsters – in Shanghai.


Features

1. This team wants to turn Bali into Bitcoin Island

Bitcoin Indonesia and Coin Of Sale, a Bitcoin point-of-sale system, are looking to turn Bali into a haven for Bitcoin users.

2. Asia, Give Up On The Dream Of Being Silicon Valley

Yes, companies and communities throughout Asia need to embrace the principles that lead to success in Silicon Valley, like the lean startup method or the practices of venture capitalism, but an Asian Silicon Valley will never come. And it doesn’t have to.

3. Whither Singapore Inc?

The Economist says there are two main options that Singapore can take. The first is to run the GLC stable with management genius to boost profits and create winners. The second is Margaret Thatcher’s way: breaking up the GLCs and liberating the corporate sector from government shackles.


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