Malini Kannan

For our latest "Top Story", we spoke with Jaslin G., who was recently appointed as its new vice president of marketing for foodpanda. In this exclusive conversation, we learn more about Goh's marketing goals with foodpanda, how she managed to shift to a new industry, and what q-commerce marketing capabilities the industry can expect more from one of the region’s largest food delivery companies. "I work closely with the team to continually find efficient methods to acquire new customers and move them through the lifecycle. My varied marketing background across multiple marketing specialisations enables a big-picture approach and my detailed knowledge into the various disciplines helps to drive topline growth and bottomline success," she stated. #marketing #leadership #asiapacific ------ -[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa -[Industry Series] We have launched our latest industry initiative "E-commerce Marketing Series" where we aim to equip businesses with the latest strategies and insights to navigate the dynamic world of e-commerce, as well as discuss cutting-edge concepts, trends, and case studies shaping the future of online commerce. Learn how you can be part of this industry discussion by checking out more details here: https://bit.ly/4aiMEX4 -[Report] Learn how brands can strategically implement conversational commerce and leverage these platforms to craft exceptional and personalized customer experiences in this in-depth report: https://bit.ly/3SSKVCG

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From buyer e-commerce to merchant-led livestreams, Xiaohongshu keeps innovating ways of social commerce without top livestreamers. As Double 11 looms large, it is worth examining Xiaohongshu’s latest moves in social commerce a little closer. Find out more: 👇 #china #socialcommerce #livestreaming

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🚨 The First Episode of Trillion Dollar Ads Podcast is Here! 🚨 🎧 Why Southeast Asia’s Retail Media Boom is Just Getting Started! In this debut episode, I dive deep with JJ Eastwood into the explosive potential of retail media in Southeast Asia and how it’s set to reshape the industry by blending the best practices from both the West and the East. 💡 What we’ll cover: 👉 With 99% of advertisers exploring retail media, where is the budget coming from — media or shopper marketing? 👉 Retail media is far more than just placing sponsored banners. It’s about leveraging tech, data, consumer insights, and smart ad units to deliver strong performance for brands. 👉 Learn how Carousell Media Group set up their retail media business with the right product and data strategy Tune in to unlock the true potential of retail media in APAC . Amit Ray thanks for all your efforts ... https://lnkd.in/gB-7Pmx8 https://lnkd.in/giXidycs #TrillionDollarAds #RetailMedia #Podcast #SoutheastAsia #DigitalAdvertising #data #marketing

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🙌 Welcome back to Startup Wednesdays, featuring #VC, #founder & #operators here in South-East Asia. For this week, we have Pat Naranpat Thitipattakul, Investment Director at ORZON Ventures 💭 What does Orzon Ventures focus on? The idea is to combine the flexibility and decision-making expertise of a traditional VC with the extensive resources and ecosystem of a large corporate entity like OR. This approach aims to help startups grow by leveraging OR's existing customer base, infrastructure, and market presence. Orzon Ventures focuses on investing in startups particularly in sectors like mobility, lifestyle and food and beverage. The goal is to find innovative solutions that can benefit from OR's resources and customer network, ultimately fostering startup growth and corporate synergy. 💭 What motivated you to join 500 ? Unlike many who are determined to become venture capitalists,I initially applied for a position to manage an accelerator program at Disrupt, which was run by one of the GPs of 500 TukTuks. My interest in startups was piqued when a friend invited me to participate in a hackathon, which turned out to be an exhilarating experience. The fast-paced environment & the opportunity to connect with innovative founders inspired me to apply for the accelerator manager position. During the interview process, the CEO offered me a dual role: managing the accelerator program & joining the venture capital team. Despite my initial unfamiliarity with venture capital, I accepted the challenge. This dual role allowed me to witness the entire journey of startups, from their inception at hackathons to becoming fully-fledged companies. 💭 What are the biggest challenges for Thai startups? The Thai market faces significant funding challenges, with limited early-stage VC funds & a reliance on CVCs that invest mainly in Series A and beyond, creating a funding gap for earlier stages. Investors in Thailand are risk-averse & while there are fragmented angel investors, their limited capital makes funding difficult. This forces many Thai startup founders to reach profitability quickly or bootstrap, which can lead to better investment terms but is challenging. Additionally, foreign investors show interest but often lack confidence due to difficulties understanding the local ecosystem. 💭 What has been the biggest challenge as a VC in Thailand? For Orzon, the biggest challenge has been finding startups that synergize well with OR's existing operations. This adds extra criteria to our investment decisions, such as ensuring the new company does not overlap with current offerings and that there is cultural compatibility between founders and Orzon. 👉 For more news like this on the Southeast Asia startup and tech scene, make sure to hit the "Follow" button to stay updated 🚀 #Thailand #tech #innovation

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Through ‘panda cares’, foodpanda aims to drive the program to improve the safety, well-being, and personal development of their delivery partners, alongside community and welfare perks. Talking about the program, Bhavani Shankar Mishra, senior director of operations at foodpanda, said, “We recognise that gig work is here to stay, and our responsibility as a company is to ensure that our delivery partners thrive in their roles. We want them to feel valued, supported and empowered so they feel good about partnering with us.” “To do this meaningfully, we regularly engage with them to understand what matters most to them, and learn how we can improve what we’re currently doing to provide the necessary resources and support,” he added. #marketing #program #asiapacific  ------ -[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa -[Industry Series] We have launched our latest industry initiative "E-commerce Marketing Series" where we aim to equip businesses with the latest strategies and insights to navigate the dynamic world of e-commerce, as well as discuss cutting-edge concepts, trends, and case studies shaping the future of online commerce. Learn how you can be part of this industry discussion by checking out more details here: https://bit.ly/4aiMEX4 -[Report] Discover the latest trends in business communication, and explore how mobile messaging channels are preferred by consumers to seek deeper connections with brands by checking out this report HERE: https://bit.ly/3RckF4z

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The e-Conomy SEA Report, a partnership between Google, Temasek and Bain & Company, is back for its 9th year running, and reveals an incredible trend: Southeast Asia's digital economy is not only expanding but also becoming increasingly profitable. In just two short years, the region has experienced a remarkable 2.5X surge in profits while maintaining robust double-digit growth. 5 Key Takeaways: #1 Profitability on the rise: The Southeast Asian digital economy demonstrates that growth and profitability can go hand-in-hand, as evidenced by double-digit growth in Gross Merchandise Value (GMV), revenue, and profitability in the past two years, with profits projected to reach $11 billion in 2024, reflecting a remarkable 24% growth rate. #2 E-commerce growth is driven by video commerce, as SEA creators thrive: e-commerce surges +15% YoY, driven by the rise of video commerce which now accounts for 20% of e-commerce GMV, up from less than 5% in 2022. This growth is bolstered by a thriving creator ecosystem. #3 SEA developers are capturing an outsized share of the global mobile gaming market, reaching 12% of global mobile game downloads in 2024. This has fueled a surge in gaming content, boasting more top creators and uploads than any other consumer category. #4 SEA is AI curious: AI interest (AI related searches) in Southeast Asia grew 11X from 2020-2024 #5 Harnessing SEA’s AI infrastructure advantage: The region is attracting significant AI investment, with over $30 billion committed to AI infrastructure in the first half of 2024 alone. View the full report here: goo.gle/sea #eConomySEA #ProfitabilityOnTheRise #AdvanceSEAwithAI

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It's interesting that Tech in Asia released an article today on VC secondaries (which was republished with permission from The Realistic Optimist) talking about the emergence of VC secondaries as a crucial yet underused mechanism for the Tech ecosystem. Given my fond memories of my Private Equity days, let's talk a bit about Secondaries. 🔍 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧? In simple terms, it's when shareholders of a company sell their stock to another investor, or a fund investor sells their LP ownership stake to another fund investor. 🔄 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐢𝐞𝐬 1. LP Secondaries: Most common type of Secondaries, where an existing LP's ownership in a PE/VC fund is bought by another LP. 2. GP Secondaries: A fund sponsor sells one or more assets from a fund it manages to a new fund, often managed by the same sponsor and capitalized by secondary buyers. 💡 𝐖𝐡𝐲 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐢𝐞𝐬? 𝐖𝐡𝐲 𝐧𝐨𝐭 𝐬𝐞𝐥𝐥? If they could sell, they would (𝘢𝘵 𝘢 𝘨𝘰𝘰𝘥 𝘱𝘳𝘪𝘤𝘦, 𝘵𝘩𝘢𝘵 𝘪𝘴). In this current market where liquidity is scarce, exiting at a marked-up MOIC/IRR (𝘪.𝘦. 2021-22 𝘷𝘢𝘭𝘶𝘢𝘵𝘪𝘰𝘯) is challenging. In a LP Secondary scenario, a LP may decide to reduce their exposure to a certain geography due to a variety of reasons (𝘦.𝘨. 𝘨𝘦𝘰𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭, 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘳𝘦𝘣𝘢𝘭𝘢𝘯𝘤𝘪𝘯𝘨). In a GP Secondary scenario, more often than not, the fund projects that the portfolio companies require a bit more time (𝘴𝘶𝘣𝘫𝘦𝘤𝘵𝘪𝘷𝘦) to realize the potential returns. 💰 𝐖𝐡𝐲 𝐁𝐮𝐲 𝐚 𝐅𝐮𝐧𝐝 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲? Similar to other asset classes investment rationale, a Secondary investor may be able to acquire a good asset (𝘪.𝘦. 𝘢 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘰𝘧 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴) at a deeply discounted price, resulting in a respectable return in a much shorter timespan (𝘵𝘩𝘪𝘯𝘬 1.5-2𝘹 𝘔𝘖𝘐𝘊 𝘢𝘯𝘥 16-25% 𝘐𝘙𝘙 𝘰𝘷𝘦𝘳 2-3 𝘺𝘦𝘢𝘳𝘴), relative to a typical 10-year fund life. In our inherently inefficient market, Secondaries can provide a crucial capital bridge to support the tech ecosystem and capital markets. Unfortunately, these transactions are still rare in Southeast Asia. #VentureCapital #PrivateEquity #Secondaries #Startups #TechEcosystem #SouthEastAsia

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Looking to stay ahead of the curve in Southeast Asia's booming e-commerce landscape? The latest e-Conomy SEA report by Google, Temasek, and Bain & Company, released it's 9th annual edition today.   💵 For the first time ever, the report deep dives into profits: SEA digital economy’s profits are expected to rise by 24% and cross $11 billion this year. ▶️ Video commerce now makes up 20% of the e-Commerce sector's GMV – a more than 4X jump from 2022. ✨ US$30B has been committed to AI data centers in the region within H1 alone (including Google's), indicating SEA’s unique opportunity to compete in the global AI landscape. >> Watch the video below for insights specific to 🇸🇬 #Singapore >> Read on here for the report’s key takeaways: https://lnkd.in/gdEncg-F >> Download the full report here: goo.gle/sea >> Check out how marketers can win Southeast Asian consumers with video commerce here: https://lnkd.in/gEhexzDK #eConomySEA #ProfitabilityOnTheRise #AdvanceSEAwithAI

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"Acquiring Growth: Grab's Strategic Acquisition Moves in the Ride-Hailing and Food Delivery Space" 📊 Objectives and Outcomes Grab's acquisition of Chope and its attempted acquisition of Trans-cab had varying outcomes.  The Chope acquisition aimed to enhance Grab's food and beverage offerings, providing more synergies for its merchant partners, especially in helping them capture online-to-offline opportunities. With over 13,000 restaurants in its network, Chope has seated over 110 million diners and helped maximize business for more than 8,000 restaurants around Asia.  In contrast, the Trans-cab deal aimed to expand Grab's ride-hailing services, but was blocked by regulatory concerns. 🍴 Unlocking Dining Opportunities Grab's acquisition of Chope is a strategic move to bolster its omnicommerce strategy and capture the dining out opportunity. With Chope's mature reservations and table management system, Grab aims to extend its services to its merchant-partner base across the region. The acquisition will also strengthen Grab's relevance as consumers' preferred everyday super app. By cross-selling Chope's services to its merchant-partners, Grab can create a stronger, more holistic online-to-offline value proposition for merchants and users in Southeast Asia. 🚨 Regulatory Scrutiny and Competition Concerns In contrast, the Trans-cab deal was blocked by the Competition and Consumer Commission of Singapore (CCCS) due to concerns about reduced competition and Grab's already-dominant position in the ride-hailing market. Grab's market share in the ride-hailing industry is significant, with over 85,097 private-hire cars as of June this year, compared to Trans-cab's fleet of 2,500 taxis. Grab's dominance in the ride-hailing market may limit its ability to acquire other players, while its expansion into new areas like food and beverage may be less scrutinized. 🚗 Impact on Consumers, Drivers, and Fares With 13,436 taxis operating in Singapore as of June this year, Trans-cab drivers may face uncertainty about their long-term prospects. Consumers may also benefit from the continued presence of Trans-cab as a competitor to Grab, which has a large market share of private-hire cars. The deal's failure may not significantly impact Grab's ability to set prices, as it is already a dominant player in the market, with over 72,632 private-hire cars at the end of 2022. The failure of the Trans-cab deal may lead to Trans-cab exploring partnerships with non-dominant players in the point-to-point industry. With private-hire cars increasing by 17.4% from 72,632 at the end of 2022 to 85,097 as of June this year, Trans-cab may need to adapt to changing market dynamics. As Grab continues to explore partnerships and acquisitions, its future growth and success will depend on its ability to navigate these complexities and adapt to changing market dynamics. https://lnkd.in/gcqAnYJu

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📊🛒 E-commerce Turbulence in Southeast Asia: Navigating the Choppy Waters 🌊💼 The e-commerce landscape in Southeast Asia is experiencing significant upheaval. Recent events highlight the challenges faced by even established players: Financial Instability 💸 • Qoo10, a major e-commerce player, recently laid off 80% of its Singapore workforce • The company owes a staggering $970 million to merchants through its South Korean subsidiaries • Available funds are critically low at just $59.7 million Market Saturation 🏪 • Southeast Asia's e-commerce market is projected to reach $211 billion by 2025 • Growth rate of 22% annually, attracting intense competition • Established players like Shopee and Lazada dominate with 44% and 7% market share respectively Logistical Hurdles 🚚 • Lack of low-cost logistics and infrastructure across the region • Diverse geography presents unique delivery challenges • Last-mile delivery remains a significant pain point Regulatory Complexities 📜 • Varying regulations across countries complicate cross-border e-commerce • Recent Indonesian ban on social media selling impacts market dynamics • Navigating local laws requires significant resources and expertise Payment Fragmentation 💳 • Despite high e-wallet penetration, payment landscapes differ by country • Integration of multiple payment systems increases operational complexity • Cross-border payment solutions still evolving Consumer Trust Issues 🤝 • Building trust in online transactions remains a challenge in some markets • Concerns about product quality and authenticity persist • Customer service expectations continue to rise While the Southeast Asian e-commerce market offers immense potential, these challenges underscore the need for robust strategies and adaptability. Companies must navigate these choppy waters carefully to emerge as leaders in this dynamic landscape. What strategies do you think e-commerce businesses should adopt to overcome these hurdles? Share your thoughts below! 👇 #EcommerceChallenges #SoutheastAsiaMarket #DigitalEconomy https://lnkd.in/d6JZYiAt

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🥳 Founders Lepak x Iterative I went to the first Lepak House event (thanks Liyen Tan and Henry Mao!) and honestly, the most fun I've had at a startup event in a very long while. It felt like the type of hangouts I used to attend in SF but rarely in Southeast Asia. There's something authentic and more meaningful about getting a bunch of founders together at someone's house, bringing food and hanging out. I knew I had to talk Liyen and Henry to do it together. 🍜 What's Happening? Come hang out with the Iterative community (including me!). Iterative is our community so the best way to learn about it is to meet the people in the community. No business cards, no pitches, just chill founder vibes. If you're an existing Iterative founder, come to hangout with others. No need to give me an investor update :). A surprisingly number of our founders do when I see them. If you're interested in Iterative, ask Iterative founders what their experience was, is it worth it, is Hsu Ken actually helpful (no seriously, I also want to know), etc. BTW – It's a potluck this time. The rule? Bring something that starts with the first letter of your startup. 😉 🍚 Who Should Come? * Iterative Founders, Visiting Partners, etc. * Founders thinking about applying (or have applied) to Iterative's next batch 🥘 When and Where 30th August, 6pm to 9pm On Liyen's sick patio at the Lepak House near Jalan Besar MRT Very fun. All the wows. You should come. Look for the 📌 in the comments for the event registration link.

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The worst is over. We always look forward to the annual e-Conomy SEA report by Temasek, Google and Bain & Company, to which we have contributed since its inception. The report provides insights into trending metrics within the digital ecosystem for both companies and venture capitalists. It also gives us a baseline and validation to assess whether we’re outperforming others. Many of East Ventures portfolios are exceeding this year’s findings in the report—and there are more to come; we have hundreds of them. Our founders at Sociolla, theAsianparent, Praktis, ShopBack, Komunal Indonesia, Traveloka, ISMAYA GROUP, Fore Coffee, IDN, Ruangguru, Inteluck, Waresix and Xurya Daya Indonesia have been working very hard against the odds, performing above the report's metrics and we hope that the worst is over. Often, in the board meetings, we no longer talk about runway, we discuss ebitda margin expansion. We remain bullish on this region (read: unlike others) and we are here to stay. Because if not us, then who? If not now, then when? How about you?

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Southeast Asia: A Digital Powerhouse The future of Southeast Asia's economy is looking brighter than ever! 🚀 The latest e-Conomy SEA 2024 report reveals a remarkable shift: our region is not just digitally active, but digitally profitable💰 In just two short years, profitability has surged 2.5x, reaching a staggering US$11 billion in 2024. This is a testament to our region's ability to harness innovation and turn it into real economic growth. #digitaleconomy #SEA #innovation #AI #tech #futureofwork https://lnkd.in/dhEDMmVA

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June 5 2024 - 10 Notable Articles To Read Article: ByteDance Seeks to Raise up to $800 million for Car Marketplace Unit Takeaway: This move is part of a broader strategy to streamline operations and divest from businesses that are no longer considered central to its core focus. Source: The Information Link: https://lnkd.in/d3drquza Article: Moldova to get USD 85m of US funds to add battery storage Takeaway: The US government has committed to investing in Moldova's energy sector to support the deployment of large-scale battery energy storage capacity. Source: Renewables Now Ltd Link: https://lnkd.in/dCtTue5M Article: How Billionaires Bought 70% of Detroit’s Offices and Transformed the City Takeaway: Dan Gilbert, the Fords and Ilitches have taken over much of the city, filling buildings with workers and luring young residents back. Source: Bloomberg Link: https://lnkd.in/daJpfxcr Article: Hong Kong Says 11 Crypto Exchanges Are Closer to Getting Permits Takeaway: Securities regulator lists applicants ‘deemed to be licensed’ and city hopes a digital-asset hub will help to burnish its allure. Source: Bloomberg News Link: https://lnkd.in/dqsGUAde Article: Databricks to Buy Data-Management Startup Tabular in Bid for AI Clients Takeaway: The deal is aimed at helping the data company gather more of enterprises’ private data as it seeks to outpace rivals in capturing AI business. Source: The Wall Street Journal Link: https://lnkd.in/ds5Yuy6C Article: Intel Corporation announced new AI chips to challenge Nvidia's dominance Takeaway: The company says the chips will deliver better performance for less money than its rivals. Source: Quartz Link: https://lnkd.in/dc7Pee2z Article: US farmers opt for soy to limit losses as all crop prices slump Takeaway: Planting more soybeans amid weak demand from importers and domestic processors will only drive prices lower, further inflate already historically large global supplies, and diminish U.S. farm incomes. Source: Reuters Link: https://lnkd.in/d9ddNwgv Article: Storyblok secures $80M for its CMS software Takeaway: The new funding will further boost Storyblok’s growth in the US and Europe, allowing the company to realize its vision of creating the first comprehensive end-to-end content platform. Source: Tech.eu Link: https://lnkd.in/d-gM_NCk Article: London hospitals declare critical incident after cyber attack Takeaway: A critical incident occurred following a cyber attack on a laboratory services provider, resulting in the cancellation of operations and other procedures. Source: Financial Times Link: https://lnkd.in/db9apvwV Article: Elliott Investment Management L.P. rebuilds stake in SoftBank and pushes for buybacks Takeaway: A US activist investor wants the share price to reflect the $180 billion value of the Japanese tech conglomerate's investments. Source: Financial Times Link: https://lnkd.in/d8Mt9-PV #news #business #research

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Klook is advancing its social commerce strategy by introducing a new booking feature on TikTok and investing in Kreator Labs workshops to empower both its users and its Kreators. Marcus Yong, vice president of global marketing at Klook, said, "Klook is now able to bridge these travellers directly to the activities they discover on their feeds, enhancing our social-first approach in meeting the needs of the next generation of travellers.” #marketing #socialcommerce #contentcreation ------ -[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa -[Conferences] Learn about the latest trends, strategies, and technologies that converge to shape the future of commerce and customer marketing with our upcoming "Customer Marketing Asia 2024" conference in Singapore on September 10 [https://bit.ly/3YkKjIw]. -[Report] Discover the latest trends in business communication, and explore how mobile messaging channels are preferred by consumers to seek deeper connections with brands by checking out this report HERE: https://bit.ly/3RckF4z

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Data insights can help businesses grow - just ask Hive Ventures. 🐝 By using Google Cloud's #dataanalytics tools like Looker Studio, Hive is helping businesses in Thailand understand their customers better and make smarter decisions. They're even using AI to reduce product return rates! Learn more about their data-driven success: https://lnkd.in/dWQ_kNqg

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We are delighted to be named as an active contributor in the 2024 e-Conomy SEA report with our affiliated company Alternatives.pe. Having been a keen reader since the report's first version in 2016, it is exciting to be involved. It is always important to reflect on where we have come from. When Google, Bain & Company & Temasek published their first e-Conomy report, the total digital economy market in Southeast Asia was estimated to be ~US$30 billion. By 2025, it will be ~US$300 billion (outperforming bullish initial forecasts a decade ago by 30%+). The region continues to prove its long-term potential, with localized private capital availability still relatively nascent. We remain in the early innings of a multi-decade innovation arc in Southeast Asia's core markets, and we are privileged to be able to support more than 60 companies on their mission to build companies of endurance that will help power the region's potential. For the complete analysis, read the full e-Conomy SEA Report 2024 here: https://lnkd.in/d_3ZVMk5

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Startups in Hong Kong - you’re in luck! We’ve partnered with Angelflow and StartmeupHK for an official StartmeupHK Festival side event for founders looking for insights on scaling across APAC. Scaling a startup is one of the most challenging yet rewarding stages of the entrepreneurial journey. We’ve put together a superstar panel of founders who have navigated the shift from startup to scale up. Hear their firsthand insights, hard-earned lessons, and what they wish they'd known through the highs and lows of their entrepreneurial journeys. Save your seat today: https://lu.ma/1hfyfw4k See you there! #AspireForStartups #FoundersXchange #ByEntrepreneursForEntrepreneurs

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𝐆𝐨𝐣𝐞𝐤 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐬𝐢𝐠𝐧𝐚𝐥𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 𝐰𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 Decision Lab's Connected Consumer report for Q2 2024 had already revealed Gojek's declining performance in Vietnam before the company announced its withdrawal from the market: ✨ Penetration rate dropped from 22% to 18% over the quarter ✨ Preference rate for car services saw a significant drop among Gen Z  ✨ Preference rate for bike services declined across all three generations X, Y, Z Gojek's exit reflects the intense competition in Vietnam's ride-hailing market, with all players vying for dominance. Will the market now be easier to navigate, or will the game accelerate? The answer remains to be seen, but Q2 2024 data already showed the rise and fall of some services. Perhaps it's time for ride-hailing companies to reassess their brand health and identify promising growth sources for the near future. 👉 Download the full Connected Consumer report in the comment section #DecisionLab #ConnectedConsumer #Gojek #Ridehailing #Vietnam #Consumer

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