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Hi readers,
As a reporter, there are occasions when you immerse yourself in comprehending a trend to such an extent that you overlook the big picture.
This occurred to me while researching the trend of startups “reverse flipping” to India, which means relocating their parent entity back to their home country.
Although the trend is evident, my story failed to highlight the significant point that it costs millions of dollars to reverse flip back to India, as it got buried within the narrative.
Following discussions with my manager, I came to the realization that this should be the headline of the story. Consequently, we made adjustments aimed at providing readers with greater clarity on the “why” behind this trend: Why are Indian startups willing to invest heavily in a reverse flip?
Even after years of reporting, I understand writing articles is a continuous learning journey, with each piece offering its own lessons to learn.
— Samreen Ahmad, journalist at Tech in Asia
Top stories this week
Image credit: Timmy Loen
1️. Why are Indian startups ready to pay big for a ‘reverse flip’?
Driven by favorable market conditions and homeground advantage, Indian startups are returning to their native country to set up their headquarters.
2. Mapping the key genAI chip and components makers in SEA
With over 35 companies in Southeast Asia operating in the AI chips space, the region is an attractive destination for chipmakers like Nvidia.
3. KoinWorks logs revenue gain, wider losses in 2022; targets profitability by 2024
The Jakarta-based fintech firm says its P2P lending and KoinWorks Bank units hit profitability in January 2024 and for the full year 2023, respectively.
4. Following the rebranding, Granite Asia’s veteran partners dig in for the long haul
While Granite Asia might be thought of as a throwback to GGV Capital, it has been refashioned, as it were.
5. Asia layoff tracker: Amazon China cuts hundreds, Byju’s axes 500 positions
Tech firms are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders.
Sneak peek of who you’ll meet on May 30
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