Micromobility firm Beam logs 36% revenue boost in 2023, hits EBITDA...
Beam operates in over 130 cities across eight countries, including South Korea, Japan, Indonesia, Thailand, and Malaysia.
View ArticleProduct Development Conference 2024
Gain insights from industry leaders, explore current trends, and learn best practices at our Product Development Conference in mid-2024. Sign up as early as now to get special rates for this two-day...
View ArticleDown but not out: Tech winter not slowing this VC’s Vietnam ambitions
For Monk’s Hill Ventures’ Justin Nguyen, Vietnam’s potential is indisputable even in the face of a funding slowdown.
View ArticleNinja Van lays off about 10% of regional tech team
The Singapore-based logistics company's revenue declined 7% year on year in FY 2023, mainly due to an almost 20% drop in parcels handled.
View ArticleClimate tech has a bankability problem, but there are 3 ways to fix that
The complex nature of climate tech - coupled with the risk involved in backing it - makes it a tough sell for many VC firms.
View ArticleThe players jostling in Singapore’s crowded fintech space (update)
Funding into fintech startups in the city-state went down by 35% to US$1.49 billion last year, according to Tech in Asia data.
View ArticleAsia layoff tracker: DailySocial dismisses entire workforce, Ninja Van...
Tech firms are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders.
View ArticleSGX-listed 17Live posts 26% rise in 2023 adjusted earnings, revenue falls
The livestreaming company - Singapore’s first SPAC deal - recorded a 23% decline in revenue.
View ArticleGoTo to divest Tokopedia’s logistics unit in Q2 2024
This comes after the company completed the transaction of Tokopedia’s acquisition by TikTok on January 31.
View ArticleMicrosoft to invest $1.7b for AI, cloud infrastructure in Indonesia
The company said it marks the “single largest investment in Microsoft’s 29-year history” in the country.
View ArticleOla trims workforce, CEO steps down
Hemant Bakshi reportedly left the company due to disagreements on team-building approaches with Ola founder Bhavish Aggarwal.
View ArticleBetagro launches $30m foodtech, agritech VC arm
The Thai foodtech firm's fund will provide startups with financial backing and access to the company’s network.
View ArticleDailySocial.id pivots to AI-powered research, consultancy with DiscoveryShift
Startup-focused news platform DailySocial.id laid off its entire staff as part of a major restructuring.
View ArticleA sweet day for Cake Group, but not former CTO
We look at the latest twist in the courtroom drama surrounding crypto firm Cake Group and the newly accredited BNPL players in Singapore.
View ArticleTemasek-backed PsiQuantum to build first commercial quantum computer
Creating it will involve building increasingly larger and more sophisticated systems ahead of the 2077 target launch.
View ArticleFoodpanda launches own food, groceries label
The new items will be available in all Pandamart stores across its markets.
View ArticleBank Neo Commerce names former HSBC, Maybank exec as new CEO
The digital bank has appointed Eri Budiono as its new CEO, replacing Tjandra Gunawan, who resigned in June 2023.
View ArticleRazer ordered to refund $1.1m for misleading mask marketing
The US Federal Trade Commission alleged that Razer advertised the Zephyr mask as N95-grade without the necessary certifications.
View ArticleEFishery CFO steps down, CEO to take over temporarily
Group CEO Gibran Huzaifah will fill Laksmana's role as interim CFO, a company spokesperson told Tech in Asia.
View ArticleA list of fundraising startups from Asia (Updated)
Fundraising is hard. To make things slightly easier, we've compiled this list of fundraising startups for our subscribers.
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