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Latest news

Blibli to issue 4 billion shares as compensation to management, staff

Tech In Asia•12 May 2023
The Indonesian ecommerce player will seek approval for the private placement from independent shareholders via an extraordinary general meeting on June 19.

P2P lender Danamart officially pivots to crowdfunding

Tech In Asia•12 May 2023
Its fintech lending registration was terminated by Indonesia's Otoritas Jasa Keuangan in 2021.

Indonesia’s UangTeman under scrutiny over alleged tax evasion

Tech In Asia•12 May 2023
The company also owes around 100 former employees their salaries since December 2020, a source tells Tech in Asia.

Golden Agri Q1 profit falls 51% to US$92 million on normalised crude palm oil prices

Business Times•12 May 2023
Normalised crude palm oil prices sent net profit for golden agri-resources falling 51 per cent to us$92 million in its first financial quarter ended mar 31, from us$188 million the year before.

AnyMind to acquire Indonesian ecommerce enabler DDI

Tech In Asia•12 May 2023
Digital Distribusi Indonesia will become a wholly owned subsidiary of AnyMind Group after the deal closes.

True Global Ventures returns to its roots

Tech In Asia•12 May 2023
We look at True Global Ventures getting back into AI and Singapore-based Volopay’s road to breaking even by mid-2025.

Credit Suisse no longer seeing outflows, UBS CEO says

Business Times•12 May 2023
Ubs chief executive sergio ermotti said on friday (may 12) that the situation at credit suisse has stabilised and he did not think outflows at the embattled bank were continuing.

Why your startup deserves to take part in the 2023 TOP100

e27•12 May 2023
Use our special promo code: GO for 75% off your Echelon tickets! The 2023 Echelon Asia Summit is happening at the Singapore EXPO on 14-15 June 2023. Are you a startup founder, investor, corporate, or tech enthusiast? Don’t miss out on one of the most anticipated tech conferences in the region! For more information, visit the ...The postWhy your startup deserves to take part in the 2023 TOP100appeared first one27.

20 largest exits in Indonesia

Tech In Asia•12 May 2023
Here's our regularly updated list of the biggest startup exits in Indonesia.

Comma3 Ventures makes first close of US$45M Web3 fund to become a research-driven investment firm

e27•12 May 2023
Web3 venture capital firm Comma3 Ventures has made the first close of its Web3 fund at US$20 million. The fund aims to close the fund at US$45 million. The fund was raised from diverse institutional investors, family offices, well-known executives and high-net-worth individuals in Taiwan and Singapore. “The successful fundraising of the fund is a ...The postComma3 Ventures makes first close of US$45M Web3 fund to bec...

How consumers are prioritising sustainability beyond the single lens of eco-friendly products

e27•12 May 2023
This article was first published on October 14, 2021. Across the globe, businesses and consumers see sustainability buzzwords being used constantly– often too much and in places, they don’t apply. But how does this increased saturation of sustainability messaging affect what consumers want from brands? We have recently looked at the regional consumer landscape and ...The postHow consumers are prioritising sustainabi...

How Tech in Asia Studios creates better value than the traditional agency

Tech In Asia•12 May 2023
Reduce cost and risk by leveraging our database, targeting, and commitment to authentic value creation.

AirAsia taps Foodpanda for food delivery

Tech In Asia•12 May 2023
AirAsia's ride-hailing service will also be integrated into the Foodpanda app.

Ravi Menon to continue as MAS chief for two more years

Business Times•12 May 2023
The monetary authority of singapore (mas) has reappointed ravi menon as managing director for two more years, it said on friday (may 12).

BasisAI co-founder speaks out on allegations; another co-founder responds to him

Tech In Asia•12 May 2023
Liu Feng Yuan says he did not benefit financially from being an SPH Media advisor. However, Silvanus Lee says Liu did not outrightly deny any wrongdoing.

Pegaxy reloaded: blockchain game’s second attempt to level up

Tech In Asia•12 May 2023
In Token Issue this week, we check out Mirai Labs co-founder Corey Wilton’s second try at making Pegaxy a hit in the blockchain gaming world.

SEA tech ecosystem report

Tech In Asia•12 May 2023
All you need to know about Southeast Asia's startup scene in five minutes.

AnyMind Group agrees to acquire Indonesian e-commerce enabler DDI

e27•12 May 2023
Singapore-based commerce enabler AnyMind Group has agreed to acquire all shares of smaller rival PT Digital Distribusi Indonesia (DDI). The terms of the deal remain undisclosed. This is AnyMind’s first acquisition in Indonesia. With this, DDI will become a wholly-owned subsidiary of AnyMind Group. This is the first acquisition agreement by AnyMind since its listing ...The postAnyMind Group agrees to acquire Indonesia...

Shein opens Dublin office to strengthen local operations

Tech In Asia•12 May 2023
The Chinese fast-fashion giant plans to hire 30 key roles for specialist areas in Ireland by the end of 2023.

For whom the bell tolls: charting crypto coin deaths over the last decade

Tech In Asia•12 May 2023
More than 2,000 cryptocurrencies have failed since 2013, with some losing trading volume and others exposed as jokes or scams.

Rural bank-focused Komunal posts $118m in transaction volume for Q1

Tech In Asia•12 May 2023
The Indonesian fintech firm aims to process US$8 billion in deposits and loans and generate US$240 million in yearly revenue in the next five years.

Ecosystem Roundup: SEA startups raised US$10.4B in 2022 amid downturn | SoftBank Vision Fund losses widens to US$32B in FY22

e27•12 May 2023
Dear Pro member, SoftBank Vision Fund continues to be in the red! The global investor and the backer of iconic brands, such as Alibaba and GoTo, has incurred a US$32B loss for its Vision Fund in the financial year ending March. The loss went up by about 70% from the US$$19 billion loss reported in ...The postEcosystem Roundup: SEA startups raised US$10.4B in 2022 amid downturn | SoftBank Vision Fund losses widens to ...

How great marketing builds bridges between brands and audiences

Tech In Asia•12 May 2023
The key word in marketing is “nuance.”

Australian, New Zealand dollars taketurn for worse as global growth outlook darkens

Business Times•12 May 2023
The australian and new zealand dollars slid to around one-week lows on friday (may 12) amid concerns of a global economic slowdown, while local bonds extended a global rally.

VN startup Buyo wants to use biowaste to tackle the plastic crisis

Tech In Asia•12 May 2023
The company has raised new funding to manufacture and roll out its biodegradable plastics.
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