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Kr-Asia Daily: Bank Indonesia is poised to prohibit the use of cryptocurrencies

Plus, Baidu is working on a financial inclusion product together with Agricultural Bank of China. Google-backed growth capital fund CapitalG led Lyft’s funding round.

Kr-Asia Daily: Xiaomi is eyeing a $50 billion IPO

Plus, Singtel and Mobike signed MOU to explore mobile payment for bike rides. Hedge funds are prepared to trade against bitcoin.

Kr-Asia Weekly Roundup

Highlights from the past week, as well as something cool for the weekend.

Hunt for the next unicorn company: a realistic portrayal of Chinese VCs in Indonesia

Indonesia, a promising land for mobile internet and now the fourth largest smartphone market in the world, has recently seen the emergence of three unicorns, thanks to the soaring penetration of their 4G network.

Kr-Asia Daily: Shares of RYB Education dropped by 15 percent as the Kindergarten chain grapples with the abuse scandal

Plus, Thailand's top wireless operator, Advanced Info Service Pcl, seeks to triple subscribers for its fiber-based high-speed Internet service. Netflix acquires Chinese detective drama Day and Night.

Deals | Exclusive: With 100% recyclable packaging, Chinese green startup Huidu Huanbao raised $1.5 million angel round

As China's logistics industry experiences explosive growth, green packaging may become the next hotspot for Chinese startups.

Deals | Kr-Asia Exclusive | How Living, a global culinary training platform, secures $4 million investment

How Living: go global by resourcing gourmet KOLs (Key Opinion Leaders).

Kr-Asia Daily: Go-Jek reported to have bought minority stake in Bangladesh motorbike ride-hailing startup Pathao

Plus, Alibaba agreed to invest aro und $227 million in Chinese deep learning unicorn startup SenseTime. Bitcoin barrels to $10,000.

Kr-Asia Daily: Beijing regulators reported to put strict rules on online microlenders

Plus, Thailand is to amend a tax law to include e-commerce in order to prevent foreign moguls from creating a monopoly in the country. The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time.

Kr-Asia Daily: Bitcoin surged past $9000 for the first time

Plus, LexinFintech, the owner of Chinese online lending platform Fenqile, was reportedly planning to meet advisers last weekend to discuss its proposed U.S. IPO. SGX-listed CapitaLand and China UnionPay reached strategic partnership to enhance the cashless payment capabilities of the app CapitaStar.

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