Welcome to Tech in Asia’s Daily newsletter, your essential dose of Asia’s tech and startup buzz. Not on the mailing list? Register here. Got a story tip? Send it to editors@techinasia.com.
In focus
For this edition, we cover:
- The startups and tech companies in SEA that are in the black
- The latest layoffs at Asian tech companies
- Upcoming job cuts at Intel
Hello reader,
“Move fast and break things” was Mark Zuckerberg’s motto for Facebook for many years. It idealized what it meant to work at a startup.
When I entered university in Vietnam a decade ago, I aspired to work at a tech company. Back then, the media often described startups as “burning cash” in pursuit of their missions. I used to believe founders never ran out of money to build their world-changing products.
Fast forward to today, in a post-Covid world that’s forced tech founders back to reality, few still buy into the idea of growth at all costs.
Being in the black is now something founders actively strive for – and brag about. Profitability has become a non-negotiable for startups.
That’s why today, we’re highlighting profitable startups and tech companies across Southeast Asia. I hope this list sparks ideas for building sustainable business models by learning from peers across the region.
For those growing too fast, layoffs often follow – a trend we’re seeing across Asia for the past two years. In today’s Spotlight, I break down how we track the data for job cuts.
The Big Story
A list of profitable startups and tech companies in SEA
Image credit: Timmy Loen
Profitable startups and tech companies have become more desirable. Here’s a list to help you spot them.
Spotlight
Hear from Edward Tirtanata, Sherry Jiang, and Dave Ng as they reveal what it takes to succeed
Quick Bytes
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
