Dissecting Malaysia’s startup hub strategy

More: Microsoft committing US$1.7 billion in investments to Indonesia. [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: - [KL20 Summit and a potential missed opportunity]( - GoTo’s deconsolidation of its logistics unit - Bukalapak’s financial health - Other newsy highlights such as Microsoft’s billion-dollar investment in Indonesia --------------------------------------------------------------- Hello {NAME} Since we’re putting on so many new events this year - [Saigon Summit]( is coming on May 30, and the [Kuala Lumpur version of our flagship conference]( will be at end-July, and that’s just for starters - my team and I have had the opportunity to be more involved with event content planning. I’ve learned a ton from the process, but one thing you quickly realize is that it’s impossible to cover everything. Due to limited slots, some good topics may need to be left off the agenda; the ideal speaker for a given subject may be unavailable, or a last-minute logistics mishap may necessitate more changes. The list goes on, and all we can do is try our best to keep things as on-track and the content as informative and useful as possible. According to my colleague Emmanuel, that balance wasn’t struck well enough at the KL20 Summit, a Malaysian tech and startup event backed by the government. Too much rehashing and not enough new ideas, apparently. Read on for his full critique. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Malaysia’s new tech hub plan rehashes old ideas. Here’s what it needs to do instead]( A realistic assessment is in order if Malaysia were to be a choice destination for top VCs and unicorns. --------------------------------------------------------------- TRENDING NEWS [Microsoft to invest $1.7b for AI, cloud infrastructure in Indonesia]( The company said it marks the “single largest investment in Microsoft’s 29-year history” in the country. [GoTo to divest Tokopedia’s logistics unit in Q2 2024]( This comes after the company completed the transaction of Tokopedia’s acquisition by TikTok on January 31. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Bukalapak’s financial health in 9 charts]( These charts offer a snapshot of how Bukalapak is performing. --------------------------------------------------------------- TECH IN ASIA’S FOUNDERS MEETUP: VIETNAM ON MAY 30 Limited time offer - here’s an extra 10% off your tickets! Investors and founders from Vietnam, Taiwan, and beyond have already secured their spots at our Founders Meetup in Vietnam! Will you be joining them? Founders Meetup brings together leading minds from across the tech industry. Whether you’re a fintech founder, a software investor, or something in-between, the event is a great opportunity to connect with people from across the tech ecosystem, learn about new trends, and be part of the exciting energy of Vietnam's tech scene. Enjoy a limited-time 10% discount on tickets with the code VNTIASPECIAL10 - [secure your seat before it’s too late!]( ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this]( page](. 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. Hurry, applications close May 3 - [apply now]( and make sure your startup doesn't get left behind! [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24-25]( From macro trends shaping the landscape to the hottest emerging tech, we've got it all covered. Join us for inspiring keynotes on the Main Stage, deep dives in the Founders Summit, and actionable insights across dedicated growth tracks. Don't miss out - [purchase your tickets]( today! [Product Development Conference (Jakarta, 25-26 June 2024)]( In this edition of Tech in Asia’s flagship conference for product talent, get access to keynote presentations, interactive Q&As, and networking opportunities that help you to build, launch, and scale world-class products. Early-bird tickets are gone, but fear not—you can now grab first-release tickets at 50% off! Better yet, bring 2 friends and secure an extra 20% off. [Secure your spot now.]( [Tech in Asia’s Founders Meetup in Vietnam on May 30]( Investors and founders from Vietnam, Taiwan, and beyond have already secured their spots at our Founders Meetup in Vietnam! Will you be joining them? Don’t miss this opportunity to connect with people from across the tech ecosystem, learn about new trends and opportunities, and be part of the exciting energy of Vietnam's tech scene. [Tickets are just US$12, get yours now!]( [Saigon Summit Exclusive : Investor Hour on May 30]( We know that fundraising is a daunting task. So let us take the stress and guesswork out of the process and turn it into a rewarding experience by opening doors to the right investors at Investor Hour. It’s time to convince them that investing in your startup isn’t a smart move - it’s the smartest one. [Sign up NOW to secure your slot!]( [Sip, Savor, Socialize: Elevate Your Payments Strategy for Growth | Jakarta, 16 May]( How can payment strategies elevate your business growth? Gain fresh insights into payment trends in Indonesia, effective payment strategies, and technology advancements, such as single API. Also, enjoy networking opportunities with decision-makers from various industries over delectable canapés. [Apply for an invite today](. Due to limited space, we will curate and send invitations to selected participants via email. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Managing Director]( at Tech in Asia Indonesia Jakarta, Indonesia - [Head of Operation and Surveyor]( at Moladin Digital Indonesia Jakarta, Indonesia - [Corporate Communication]( at Youtap Indonesia Jakarta, Indonesia - [Artist Account Manager]( at Fett Music Denpasar, Bali, Indonesia - [Payment Gateway Officer (Acquisition)]( at Scout.inc Tangerang, Indonesia - [FREELANCE - SOCIAL MEDIA OFFICER]( at PT Definite Maji Arsana Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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