Here’s what you might have missed in Southeast Asian tech

Image credit: Iflix.

New investments for rivals Iflix and Viu, WeWork’s expansion, and Go-Jek’s bid to conquer the live events space. Here’s a summary of what happened in Southeast Asia’s tech and startup ecosystem in the last seven days.

Regionwide

WeWork is pouring in US$500 million for its forays in Southeast Asia and Korea. The announcement comes almost right after WeWork’s entry into China, where it’s been backed by SoftBank and Hony Capital with the same amount. The US company also acquired Singapore-based counterpart Spacemob. (TechCrunch)

Iflix just added US$133 million to its war chest. The video streaming app beating Netflix in some of Asia’s major emerging markets said the money will be used mainly for the production of local content. (Tech in Asia)

Another contender in the streaming war, Viu, got financial backing. Foxconn Ventures, Singaporean state fund Temasek Holdings, and Hony Capital strategically invested in PCCW OTT, the company behind Viu, to help fund the group’s local content pipeline. (Tech in Asia)

Singapore

Photo credit: Copyright: bloomua / 123RF Stock Photo.

There’s a new digital advertising marketplace in Singapore. It would appear rivals Mediacorp and Singapore Press Holdings have decided to pool resources into this joint venture in the face of almost unassailable competition from Google and Facebook. (Tech in Asia)

Singtel revealed plans to launch a nationwide cellular Internet of Things (IoT) network. The network will enable enterprises to gain operational and cost efficiencies through the use of low-power IoT devices. (DigitalNewsAsia)

Digital token buyers beware. The Monetary Authority of Singapore and the city-state’s police force issued an advisory note about fraud and other crime-related risks associated with initial coin offerings. (Tech in Asia)

Indonesia

Go-Jek continues to branch out beyond ride-hailing. The company snapped up live event management, ticketing, and RFID startup Loket as it sets its sights on sports. Go-Jek has been active in this vertical, having secured title sponsorship for Indonesia’s top professional soccer league. (Tech in Asia)

Malaysia

Philippines