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  KrASIA Weekly  

 


Hi there, it’s Khamila from Jakarta!

Stay up-to-date with us on the latest news and happenings surrounding the startup ecosystem in Asia.

THIS WEEK'S TOPICS:
 
 
 
 NEWS FROM SOUTH & SOUTHEAST ASIA 
 
In its bid to ensure that no consumer data is being accessed, the government is compiling a list of app-based lending companies that are connected with China.
 
Startups setting up their offices in industrial parks are exempted from the entire cost of land leases for 50 years.
 
 
Altara already invested in digital bank Tonik, fintech startup Stashfin, and AI firm Senseye.
 
 
The cloud kitchen industry is progressing fast in Indonesia as it requires less capital than traditional F&B businesses.
 
NEWS FROM CHINA

 
Walmart could leverage TikTok’s backend and a partnership with ByteDance to create social commerce platforms for the next generation of shoppers.
 
Tmall Supermarket will be able to improve its delivery efficiency through Ele.me’s extensive network of delivery riders.
 
Tencent owns Los Angeles-based Riot Games, which is the creator of League of Legends, and holds a 40% stake in Epic Games, maker of Fortnite.
 
 
With only 2% of Chinese getting rid of used smartphones, JD.com, Tencent, and Alibaba are all making investments in the second-hand market.
 INTERVIEWS & INSIGHTS 

UPCOMING EVENTS
30 September 2020

Changemakers Conversations: Our New Normal

The Singapore Management University (SMU) Institute of Innovation and Entrepreneurship (IIE) has announced the Lee Kuan Yew Global Business Plan Competition (LKYGBPC) Changemakers Conversations which will bring together internationally-renowned scholars and business leaders to discuss and debate issues of contemporary interest and significance, particularly to the start-ups.

The first session of Changemakers Conversations will be held virtually on 30 September 2020, is titled “Our New Normal”, and will feature:

  • Mr Piyush Gupta, Chief Executive Officer and Director of DBS Group
  • Mr Oliver Tonby, Chairman of McKinsey’s offices in Asia and Senior Partner
  • Mr Foo Jixun, Managing Partner, GGV Capital

The panellists will be focusing their discussion on our new normal surrounding COVID-19, the looming technology cold-war and the impact of “Big Tech” firms.
Sign up here

That’s it for this week, thanks for following us!

Till next week! As always, stay with KrASIA.
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