This is the Daily News Roundup. Delivered everyday via email and through the Tech in Asia website for free, this newsletter lists the biggest tech stories and trends of the day. Get it in your inbox every day by signing up here. Premium subscribers get access to the more comprehensive Executive Brief where we break down the 2 biggest news of the day.
Hello readers,
My interest in superheroes began when I was in primary school. There was a small mom and pop store near where I lived, and the uncle manning it always had all these comic books hung up in a line. For me, that was the gateway to the world of Marvel, where Spider-Man and Deadpool were my first ports of call.
It never occurred to me to wonder about where this uncle got his supply from, and it puzzles me even more today, considering what I now know about the labyrinthine comic book industry. Still, props to the man – thank you for opening my eyes to so many memorable stories and characters.
Today’s premium article takes a look at a company that’s making it easy for mom and pop stores in Indonesia (also known as warungs) to bring in stock and expand their selection – and thus, increase their income opportunities.
— Winston
The Big Story
Behind Ula’s entry into social commerce
Jeff Bezos-backed Ula said that the number of transactions for its social commerce feature, Teman Ula, are now at around 70,000 orders per month. Read more.
Trending news
1. A16z co-leads $10m funding of 🇵🇭 NFT generator
BreederDAO is Andreessen Horowitz’s second portfolio firm in the Philippines after Yield Guild Games.
2. 🇮🇩 ecommerce enabler Sirclo to acquire Warung Pintar
Sirclo’s Brian Marshal will continue his role as CEO of the combined entity, while Warung Pintar’s Agung Bezharie will lead its New Retail unit.
3. 🇲🇾 e-fulfillment startup eyes series C fundraise
IStore iSend will use the fresh funds to strengthen its operations in Thailand and launch in Vietnam and the Philippines by the end of 2022.
4. Thailand eyes crypto regulation for payments
Regulators including Bank of Thailand have warned against the economic risks brought about by the rise in crypto adoption.
5. KKR pours $45m in Filipino B2B ecommerce platform
GrowSari said that its revenue has surged by 2.5x since 2019.
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
