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Hi readers,
I’ve only ever tried a co-working space once. I needed to pick up my wife from her office, and there was a nearby co-working place there that offered hot seats, and figured I could work from there to save hours on traffic.
It was comfortable. The AC was blasting and the place was buzzing with people. There was coffee too – a huge plus.
It’s no wonder that the co-working space segment is big business worldwide. And Singapore’s JustCo is one player in the game. In 2023, the company saw a spike in its numbers, reaching a positive operating income for the year.
While this followed JustCo’s exits from Indonesia and China in late 2022, the company is slated to open new centers next year. We’ll keep you posted on what comes next for JustCo.
— Miguel Cordon, journalist at Tech in Asia
Top stories this week
Image credit: Timmy Loen
1️. JustCo knocks, profit answers after 2 key market exits
The Singapore co-working firm exited China and Indonesia in 2022 but has center launches prepared for next year.
2. Fave founder opens up about most ‘challenging’ exit and why he left
“A company has a life of its own … It’s got a mission, a whole team… and we’re only the guardians of this for a time period,” he said.
3. Zus Coffee brews global plans amid IPO buzz
The Malaysian coffee chain is reportedly eyeing a valuation of up to US$336 million.
4. Why Asia’s future hinges on healthtech startups
Investor mindsets and the evaluation criteria for healthcare startups need to be aligned with the speed of innovation.
5. National interests trump AI transparency in Asia
Building transparent AI models is difficult, costly, and may compromise accuracy, but it’s a key ethical issue.
6. Ant Group’s 2C2P slashes 2023 losses by 93%
However, the Singapore-based firm’s losses in 2022 were inflated by a one-time share-based payment.
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