🔥 "The threat is real" - Momentum Works report, highlighting TikTok Shop's significant impact on Shopee's growth potential. 🛍️ TikTok Shop is making significant strides in Southeast Asia's e-commerce market, rapidly closing the gap with leading player Shopee. Its GMV nearly quadrupled in 2023, reaching US$16.3 billion. However, TikTok Shop faces challenges including reduced subsidies, stricter regulations, and competition from Shopee's aggressive investment in livestreaming and video. 🤔 Will it successfully transition from a live commerce platform to a more robust marketplace, or will regulatory hurdles and competition stifle its growth?
Tech in Asia
Technology, Information and Media
We cover everything tech in Asia. Sign up for free to get access to our content and daily quick bites sent to your inbox
About us
Get the best coverage on startups and tech in Asia for free by signing up at techin.asia/3GQ8ao5 Tech in Asia is a media, events, and jobs platform for Asia's tech communities. Visit www.techinasia.com/about to find out more, or reach out to our: - Editorial team: editors@techinasia.com - Business or Advertising team: www.techinasia.com/advertise - Tech hiring services: www.techinasia.com/jobs/recruitment Work with us at www.techinasia.com/advertise As of January 2024, Tech in Asia is a member of The Business Times (https://www.businesstimes.com.sg/).
- Website
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https://techinasia.com
External link for Tech in Asia
- Industry
- Technology, Information and Media
- Company size
- 51-200 employees
- Headquarters
- Singapore
- Type
- Privately Held
- Founded
- 2011
- Specialties
- media, technology news, tech events, technology, startups, innovation, Asia tech scene, advertising, recruitment, corporate innovation, and Southeast Asia
Locations
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Primary
13a Neil Road
Singapore, 088810, SG
Employees at Tech in Asia
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Latha Natarajan
Results-Oriented Regional Finance Director | Varied Service Industries including Tech | MNC & Startups | Controlling, Financial Reporting, FP&A…
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Anis Uzzaman Ph.D.
Founder & CEO at Pegasus Tech Ventures | Chairman of Startup World Cup
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Arjan de Raaf
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Masaru IKEDA
Tech enthusiast, web service producer, contributor
Updates
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Night and day, the commerce pulse beats— India thrives, Southeast retreats. Expanding ranges, private-label crests, Asia’s quick commerce, two different quests. - Poem written with AI. Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
Why India dominates quick commerce race, while SEA misses podium finish
techinasia.com
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Debt trends in tech's domain, Southeast Asia, India, a known game. Granite Asia crafts a plan, Equity mixed with loan span. Harness growth, not merely fast, Sustainable paths are meant to last. Interest peaks, yet risk is tamed, Tech firms adapt, investors aimed. - Poem written with AI. Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
The top lenders to SEA’s and India’s tech companies
techinasia.com
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Curious about what's next in Southeast Asia's tech scene? 🤔 These visionary leaders are shaping the future, and they're sharing their insights at #TIAConferenceJKT: 🎙️Ernest Cu (President & CEO, Globe Group) 🎙️Jennifer Zhang (CEO & Co-Founder, WIZ.AI) 🎙️Eka Himawan (Managing Director, Xurya Daya Indonesia) Tickets are now 50+10% off! Click https://lnkd.in/gtFkmqAA to snatch them before they're gone today! 🏃🏻♀️💨
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💰 Carousell is turning secondhand into gold. They're making recommerce their top priority and it's paying off. ✨ Sustainable shopping, here we come 🌎 Carousell's recommerce business is booming, with sales doubling in 2023. ✨ More than just a platform, Carousell is making secondhand shopping more convenient and trustworthy. ✔️ They offer programs like Certified, Sell to Platform, and secure payments. What do you think of the growing trend of recommerce? Do you buy and sell secondhand items?
Carousell’s 2023 revenue up by 40%, driven by 2x recommerce sales
techinasia.com
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🌏📈 We explore the Southeast Asian firms expanding to the Middle East and look at GoTo Group’s new BNPL service. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
SEA tech firms join Middle East gold rush
techinasia.com
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🤔 "Had pretty junior people reach out a few times via Linked In asking to have a conversation. I would reply in the affirmative only to have them ghost the reply. Really rude." #glasswall
Tech in Asia's Glasswall
techinasia.com
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💰 Jeff is helping millions in Asia access financial services. This startup uses alternative data like screen size and email activity to connect people with loans, credit cards, and more. ✨ Data is king! 👑 Jeff is using unique data points to beat out the competition and expand to India and Mexico. 📊 The future of finance is data-driven. Jeff's success shows how important alternative data is for connecting the underbanked in emerging markets. 🤔 Do you think alternative data will play a bigger role in finance in the future?
Financial marketplace Jeff raises $2m to take on India, Mexico
techinasia.com
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PREP CEO Tu Pham views ChatGPT as a beneficial tool that complements his edtech startup's offerings rather than as a threat. 🤖 PREP uses AI to enhance student interactions in virtual speaking rooms, improving IELTS practice with immediate feedback. 🌐 Despite the wide availability of technologies like ChatGPT, Tu Pham believes these advancements create opportunities and attract more users to innovative solutions like Prep's offerings. 👩🏫 While AI integration is reshaping edtech, the need for high-quality human teachers remains, ensuring precision and personalized learning experiences. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
ChatGPT threatens edtech startups, but founders are unfazed
techinasia.com
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Two Malaysian digibanks gear up for October debut 👉 Read more: https://lnkd.in/gkFP6C7e 🚀🏦 In The Top Up this week, we look at the upcoming launch of the two Malaysian digibanks that have yet to do so and explore a development at Paytm.
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