A sweet day for Cake Group, but not former CTO

More: Tesla’s Elon Musk meets a top Chinese politician in Beijing. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [The options Cake Group’s former CTO has now after losing court battle]( - Abnk, Atome, Grab, and SeaMoney receiving accreditations for buy now, pay later services in Singapore - Other newsy highlights such as Elon Musk making a surprise trip to China to discuss Tesla’s business in the country --------------------------------------------------------------- Hello {NAME} Court is somewhere no one wants a conflict between two founders to end up, unless you’re a lawyer perhaps. Apart from the obvious sadness those involved must feel for being unable to resolve the issue themselves, I think the authority of a judicial ruling has to weigh heavily. If an outside party with that level of authority rules against you, where do you go from here? I imagine these are some of the thoughts running through U-Zyn Chua’s head these days. The Singapore High Court ruled against the Cake Group co-founder’s attempt to liquidate the crypto firm, which leaves him in a bind. An appeal could be forthcoming or some other way to resolve the dispute with his fellow co-founder Julian Hosp, but as today’s featured piece explores, the future is far from certain. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Singapore Court dismisses bid by former CTO to liquidate Cake Group]( The judicial commissioner said it wasn’t appropriate to use a winding-up application as a quick fix for the dispute between founders. --------------------------------------------------------------- TRENDING NEWS [Elon Musk visits China, eyes local full self-driving tech launch]( The Tesla CEO visited China unannounced, saying he had met with Premier Li Qiang, according to Reuters. [SG fintech group hands out accreditations to 4 players under new code]( Trustmark accreditations were given to Abnk, Atome, Grab, and SeaMoney. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Hot or not: What SEA investors are betting on and what they’re ignoring]( VC funding can be a leading indicator of where in the tech industry we’re going to see more spending and jobs. --------------------------------------------------------------- SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE Be part of our lineup of exhibiting startups from around the world Startup Showcase is attracting top-tier talent from around the world! With applicants hailing from Japan, India, the US and beyond, the competition for one of the 30 coveted spots is heating up. From AI and e-commerce disruptors to next-gen gaming studios and electric vehicle innovators, the diversity of participating startups is something to behold! 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Our team will get back to you by the next business day. - ADA Asia - [ADA Unveils AI CoPilots to Revolutionise Marketing and Commerce for Global Enterprises]( ADA launches AI CoPilots to transform enterprise marketing and commerce, enhancing data-driven decision-making. - GEM Corporation - [GEM Soars to 52nd on Clutch's Top 100, Driven by Visionary Growth]( GEM ranks 52nd with 78.2% growth from 2022 to 2023, showcasing a commitment to excellence and innovation. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Saigon Summit 2024 : Charting Vietnam’s Tech Future on May 30]( Startup Showcase is THE global stage for ambitious startups to connect with top investors and gain invaluable exposure. We just added more slots in response to overwhelming demand, but they're filling up fast. 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