Welcome to the latest instalment of Last Week in Asia, our roundup of the key stories and developments from across Asia’s growing technology and Internet spaces.

China

Top story: Xiaomi, China’s Apple challenger, unveils hotly anticipated Mi2 quad-core-powered smartphone

Xiaomi is a smartphone-maker that’s often likened to Apple and last week the company unveiled its much anticipated new device, one year after launching the Mi1, which sold more than 3 million units in China.

TNWs own Josh Ong was at the launch event and he was pretty impressed with the device and its price point, which is significantly lower than the iPhone and high-end Android devices.

xiaomi device 220x298 Last week in Asia: Xiaomi unveils new smartphone, Deezer comes to Southeast Asia and moreHere’s his overview of the Mi2, which opens for orders in September and will ship from October – it’s limited to China…for now.

The quad-core Xiaomi 2 looks like being a real iPhone contender when it launches in October. It is powered by a 1.5 GHz Qualcomm Snapdragon processor and runs the company’s MIUI V4 skin of Android 4.1 Jelly Bean. The phone even has its own Siri-like voice recognition software, developed by Keda Xunfei.

Features and specs-wise, it boasts 2GB of RAM, 16GB of memory and a 4.3-inch (1280×720 resolution) display. The phone an sports 8-megapixel camera (with an upgraded F2.0 lens) on the rear and a 2-megapixel camera on the front.

The phone is priced at 1,999 RMB ($315), available in five colours and is HSPA+-compatible – offering speeds of up to 42mbps. Interestingly, its USB port is HDMI-compatible, allowing owners to use it as a media playing device when hooked up to TVs and screens.

Also of note:

India

Top story: Indian Government bans bulk SMS service for 15 days. Consumers SMS usage limited to 5 per day

india phone 220x146 Last week in Asia: Xiaomi unveils new smartphone, Deezer comes to Southeast Asia and moreThe Indian government has moved to restrict SMS usage in the troubled north of the country where it was being used to spread false rumors, in a move that shows just how important mobile and technology are in today’s age, right across the world.

A report from NDTV explains more:

After reports of threatening SMS-es being sent to North Eastern students in Bangalore and other cities like Hyderabad, the government has banned bulk text messages for the next 15 days. So no cellphone user can send a message to more than 5 people.

Cities like Hyderabad and Pune have been on edge with their large North Eastern communities feeling insecure about their safety. In the last month, nearly 80 people have died in ethnic violence in Assam and doctored MMS-es and text messages have infected other states, warning that students and professionals from the North East will be attacked.

Also of note:

Japan and South Korea

Top story: Troubled Sharp is reportedly looking to offload $1.2 billion in assets

sharp 220x147 Last week in Asia: Xiaomi unveils new smartphone, Deezer comes to Southeast Asia and moreSharp is struggling right now and last week reports emerged suggesting that the tech giant is reportedly looking to sell more than $1.2 billion in assets, including a key solar panel plant in its native Japan.

A report from the Daily Yomiuri claimed that the company is already in negotiations with an overseas bidder as it looks to sell off assets to a number of refinancing initiatives. However, it is thought that the sale will not be straightforward since more cost effective options exist overseas.

Sharp did not disclose specific details, but a spokesperson confirmed that it is assessing the situation:

It is true that we are considering a number of options, and we will announce these when a decision has been made.

An undisclosed company source provided further details, telling Reuters that the firm may also look to sell buildings in Tokyo and production plants in Poland, Malaysia, Mexico and Poland to help raise funds.

Also of note:

Southeast Asia

Top story: Online music streaming service Deezer begins to roll out across Asia

headphones 220x146 Last week in Asia: Xiaomi unveils new smartphone, Deezer comes to Southeast Asia and moreThe online music revolution is finally winging its way to Southeast Asia after Spotify-rival Deezer announced plans to launch in Thailand, with a view to rapidly entering Singapore, Malaysia, the Philippines and Indonesia after.

The region has been largely overlooked by global music services, despite having huge potential thanks to significant increases in smartphones sales, quarter-by-quarter, and Deezer is grabbing a head start on the competition with this move.

The company is adopting a similar model to its entry into European markets and has partnered with mobile carrier Dtac in Thailand, which will offer a service to its postpaid customers.

Also of note:

A selection of interesting reads

kid reading 220x230 Last week in Asia: Xiaomi unveils new smartphone, Deezer comes to Southeast Asia and moreWe like to do more than just deliver the key news from Asia, and often mix it up with startup reviews, videos or other interesting content.

This weeks it’s a set of reads that we think you’ll enjoy on top of the week’s key happenings.

In India, a time of flux approaches

India’s consumer Internet space is tipped to come of age in the next few years but this excellent guest post from Ankush Chibber (originally in the TNW iPad Magazine] explores the good and bad as Indian startups find that growing from promising businesses into big fish is no easy task in the country.

Why China’s Xiaomi is inspiring loyalty that rivals Apple ‘fanboys’ and Google ‘fandroids’

Xiaomi launched the Mi2 this week and, following the event, we delve into analysis on how the company and its culture has grown in China, and the parallels with Apple and Android.

The startup guide to China

Strictly not published last week (as it was also in the TNW Magazine), this is our guide to China’s tech scene, written with startups in mind. The article has already generated a fair amount of discussion, and we’d love to hear more thoughts around the topics, companies and people included.

Hong Kong’s lone startup bootcamp accepting applications for second class

Hong Kong’s only startup bootcamp isn’t a million miles from the topic of startups in China (quite literally) and this story looks at the program which is now opening applications for its upcoming second batch of entrants.

That’s all for this week until next Sunday – you can keep up with all of our Last Week in Asia round-ups here or follow @TheNextWebAsia on Twitter for news as it happens.

Images via: (1, 2) Josh Ong/TNW (3) Cokedragon (4 ) Steve Snodgrass (5) James Clay, (6) Mayovskyy Andrew