"Tokopedia’s odds of becoming a world beater might have been low to begin with, and that despite its mistakes, it did well with the hand it was dealt with." 🛒 Tokopedia's inability to compete in the cutthroat price wars and its overambitious expansion led to a decline in market share and ultimately, a diminished valuation. The pressure to be a homegrown success story led to strategic compromises, like the GoTo IPO, which hampered Tokopedia's growth potential. 🤔 Does Tokopedia's story highlight the challenges of building a successful tech company in a developing market? Or is it simply a case of poor execution?
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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AI investments are complex, especially with the sector being so volatile. Here's where the real opportunities might be hiding. 🔨 The AI value chain consists of hardware, storage, middleware, and applications, each providing varying scalability and revenue potential. 🚀 The surge in AI complexity demands innovations in CPUs and GPUs, with specialized chips by companies like Nvidia leading but upstarts like Etched proposing faster solutions. 💾 While data storage demands are met largely by giants like AWS and Google Cloud, breakthroughs in technology could disrupt this mature market segment. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
There’s more opportunity in the AI boom than chips and ChatGPT
techinasia.com
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🚗 VinFast delays US factory launch by three years, speeds up Asian facilities' opening. 📉 Strategic focus shifts to Asian markets amid challenging US conditions and competitive EV market. ⚖️ New strategy aims to manage high capital expenses and historic losses, boosting production capabilities in lower-cost regions. - Want full insights? Subscribe to Tech in Asia to read the entire article.
Overstretched VinFast slows US plant opening, prioritizes Asia
techinasia.com
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Indonesia’s IDN grew net profit 24x in 2 years 👉 Read more: https://buff.ly/3ynVF3S 📈📰 We spotlight how the Indonesian media company supercharged its bottomline, and Temu facing supplier protests over its policies.
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👀 “We expect this to remain the same in 2024, as our loan portfolio balances are still catching up to our deposit balances.” - Greg Krasnov, founder and CEO of Tonik Financial, emphasizing the company's strategy of focusing on loan growth rather than deposit gathering. 🏦 Tonik Financial, a pioneer in the Philippines' neobanking space, is aiming to become the first digital bank in the country to achieve profitability, despite facing intense competition and a growing market. The bank has tripled its interest income and achieved profitability in its lending product lines, while focusing on loan growth rather than deposit gathering. Can Tonik Financial maintain its momentum and achieve profitability in the face of growing competition and the evolving digital banking landscape in the Philippines?
Tonik interest income triples in 2023, eyes cash flow breakeven by next year
techinasia.com
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These are the most active investors in Southeast Asia’s startups 👉 Read more: https://buff.ly/4c9FtRB 📈🌏 Which investors are writing the most checks to Southeast Asian startups?
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In Singapore's tech landscape, Money raised marks prominence. Fifty startups, constantly updated; Data-driven, they advance. - 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
Meet the 50 top-funded startups and tech companies in Singapore
techinasia.com
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GoTo Group’s quarterly performance improved, but shares continued to fall, not reflecting underlying business strength. 📈 Strong Growth in GTV and Revenue - GTV rose 54% year-on-year to $3.9 billion, with gross revenue up 39% to $262 million. Adjusted EBITDA also improved significantly. 📉 Share Price Decline Despite Growth - Despite operational success, GoTo's share price dropped by 3.6%, continuing a trend from its peak in June 2022, disappointing both management and investors. 🤝 Strategic Partnerships and Fintech Success - Partnership with TikTok and robust fintech segment performance, notably in e-wallet app downloads and loan services, showing potential growth areas. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
Why investors aren’t buying GoTo’s decent Q2 results
techinasia.com
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"Look, Mom, I'm on TV!" We're so grateful for the amount of enthusiasm coming our way. Thank you once again to everyone who came to Tech in Asia Conference Kuala Lumpur 🎉 We're on a rally to celebrate the flourishing of tech and startups across Asia by heading to Jakarta next! Stay tuned for more surprises we prepared for you at our OG event: Tech in Asia Conference Jakarta! Join us, grab your tickets here: https://buff.ly/4frUIs6 Source: MYStartup by Cradle and Buletin Utama. 25 July 2024.
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💸🌏 Keep track of all the startup investment activities in Asia through our weekly funding list. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
Weekly funding: Rapido leads with $120m bet from WestBridge
techinasia.com