Today's top tech news, May 17: A city in China is launching a US$16B fund to develop AI tech

Also, Alpha JWC to invest US$5M in PayPal Incubator's 2018 cohort, Averspace launches bank transfer option, and more 

Taiwan's Bitcoin services platform BitoEX raises US$10M to expand to Singapore, Malaysia, India

BitoEX recently launched a digital asset exchange BitoPro to provide crypto-to-crypto, fiat-to-crypto and margin trading services 

Dating app Paktor is heading towards an IPO on the New York Stock Exchange

M17 Entertainment, the company that owns Paktor and live-streaming service 17 Media, is hoping to raise US$115 million 

How a Taiwanese cloud storage provider took on Europe and Japan

Synology believes Europe is a less cutthroat market than the US because Europeans are more open to foreign brands 

Taiwan APEC Business Advisory Council member Jan Hung-tze is planning a major tech event

Jan wants to nab possibly the biggest fish in the pond and have Jeff Bezos keynote the event this July in Taiwan 

Taiwan’s plug-and-play OTA solutions startup TravelSkope raises US$297K to expand into Southeast Asia

Currently, the company counts one of Taiwan's two major airlines and a top e-commerce company as its clients 

Where does a startup start in Asia? Taiwan, Hong Kong, Japan and Thailand all say here

Hong Kong and Taiwan are great for a startup looking to enter greater market; but if you are looking for a more self-sufficient market, you should consider Japan 

e27 collaborates with Taiwan Accelerator (TA) to advance deeptech initiatives at TOP100 Taiwan Qualifier Roadshow

e27 partners with Taiwan Accelerator to make the third iteration of their demo day and the TOP100 Taiwan Qualifiers a collaborative reality. 

Taiwanese e-commerce, telecom firms establish VC fund to foster startups

The VC fund will target startups in the verticals of online finance, health tech, big data and artificial intelligence