Here’s what you should be reading:

1. Grab to commit $100 million to beat Uber in Myanmar

Grab plan to invest $100 million over the next three years to grow in Myanmar and potentially introduce GrabPay. The company expected to see its team in Myanmar grow to 200 people.

As mobile adoption in Myanmar jumped to almost 90%, the country is quickly becoming one of the important markets for both Grab and Uber after their entrance to the market earlier this year.

Since its debut in Yangon in March, Grab has grown to reach 25,000 bookings a day with more than 6,000 drivers.

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2. JD.com rumored to invest $100 million in Go-Jek 

JD.com is rumored to be one of the investors participating in Go-Jek’s $1 billion fund-raising, bringing in a check of $100 million.

Indonesia currently accounts for almost of JD.com’s business outside China. However, the company is looking at Thailand with its recent talks with Central Group and market entrance is scheduled later this year.

Chinese companies have been investing left and right in Southeast Asia. Tencent is also reported to invest up to $150 million in Go-Jek, and Alibaba beats JD’s offer to Tokopedia with their investment in the marketplace last week.

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3. Xiaomi finally launches in Thailand 

China’s No.5 smartphone maker Xiaomi has made its formal debut in Thailand, seeking to capitalize on the nation’s smartphone market.

Xiaomi will sell two of its flagship series through its partnership with Lazada and offline channels. The newly-launched Mi6 and Redmi Note retail for $414 (13,790 baht) and $204 (6,790 baht) respectively. The exclusive color will be available at Lazada from Sept 1 starting at $480 (15,990 baht)

There are 150 Mi shops in China and another three in India. The company has targeted to reach 1,000  by 2020. It sold 23.1 million units in Q2 and aimed for 100 million next year globally.

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