Sign up for the Daily Newsletter, sent exclusively to our premium subscribers. We break down the big and messy topics of Asia’s tech and startup community. Get the newsletter in your inbox everyday with a premium subscription.
Hello readers,
Change is always scary. This is why I can be so stubborn when it comes to major decisions, like moving back into the city.
But more often than not, these changes are for the better, and I’ve been learning to embrace change more these days.
This was definitely the case of Love Bonito in 2023.
The Singapore-based fashion platform expanded into more markets in Southeast Asia during the year. This comes as most of its direct-to-consumer peers in Singapore have been sticking to Western audiences for expansion.
In 2024, Love Bonito continued to implement major changes, even hitting the refresh button on its brand and offerings.
But of course, some changes are hard to make. This became apparent when the company laid off 7% of its staff late last year.
Nevertheless, Love Bonito plans to march on and hit the coveted milestone of profitability by this year. Once it hits this goal – or if the company runs into knots and tangles along the way – we’ll be sure to let you know.
— Miguel Cordon, journalist at Tech in Asia
Top stories this week
Image credit: Timmy Loen
1️. Efficiency is chic: Love Bonito cuts loss, boosts sales in 2023
The Singapore fashion brand is doubling down on its expansion efforts, now eyeing Thailand and Vietnam.
2. J&T Express CFO reveals how it’s beating logistics rivals
Dylan Tey shares how a China edge propels the firm in SEA and why logistics is about playing the long game.
3. Founders fume over Malaysian VC’s term sheet
The VC has been offering terms that some find onerous. We look at what these terms are and how they might hurt startups.
Learn, prepare, and thrive in a changing global landscape
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
