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
- PropertyGuru’s slew of tough decisions pays out
- A “toll booth” for data scrapers shakes AI training
- Reread this article on the lawsuit between Figma and its Singapore-based rival
Hello reader,
For some startups, going for an IPO is an end goal. For others, an acquisition is a more viable and desirable exit strategy.
PropertyGuru is one of the few companies that have gone through both.
The proptech firm made its debut on the New York Stock Exchange in 2022. Around two and a half years later, PropertyGuru was acquired by US private equity firm EQT Private Capital Asia – a move that saw the Singapore-based company delisted from the American bourse.
The acquisition came with significant operational shifts, including layoffs and business closures. But these tough decisions have generated results for the company.
Now, the question is whether PropertyGuru can maintain its momentum.
Meanwhile, Israeli data-scraping firm Bright Data has fended off lawsuits from both Meta and X, but now faces a new threat: Cloudflare’s ‘pay-per-scrape’ policy. My colleague Scott Shuey unpacks the escalating battle over data control in the AI age, and Bright Data’s role at the heart of it.
In today’s tech landscape, the shake-ups are just beginning.
Miguel Cordon, journalist
Top Stories
1️⃣ PropertyGuru rebounds with double-digit growth after US delisting
Lewis Ng took over as chief executive officer of PropertyGuru in March / Photo credit: PropertyGuru
After achieving double-digit revenue growth following some tough decisions, PropertyGuru still has work to do. The company is developing AI-powered features to support its operations and working to maintain its positive outlook for its Vietnam and Malaysia markets.
Data stories you shouldn’t miss
From our archives
A four-hour experience for founders, investors, and operators building across the region
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
