Spenmo, Summit, and new growth after a rocky year

[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 launch of Summit]( brought to you by Spenmo’s parent company - VCs caught in US-China trade war --------------------------------------------------------------- Hello {NAME} Have you ever had a terrible, horrible, no good, very bad day? Some days are just rubbish - you sleep through your alarm, you miss the bus, you splatter spaghetti sauce on your white T-shirt, it rains and you don’t have an umbrella, your boss yells at you, someone ate the last piece of chocolate in the pantry, etc. There's bad vibes all around, and all you want to do is go home and curl up in bed. Sometimes, these terrible, horrible, no good, very bad days can feel like they stretch out for weeks or even months. That certainly seemed to be the case for Digital Services SG Five - the parent firm of fintech platform Spenmo - which had a pretty rough 2023. However, things do seem to be picking up for the company, especially with the launch of its new brand, Summit. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Spenmo parent launches new brand after rocky 2023]( Summit, which comes after embezzlement rumors and swift management changes, will offer vendor invoice and employee expense management solutions. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [VCs caught in US-China trade war: Matrix rebrands China, India units]( This follows Sequoia Capital and GGV Capital move to split their businesses last year. Here’s a list of other investors who have stakes in China. --------------------------------------------------------------- TECH IN ASIA’S FOUNDERS MEETUP: MALAYSIA ON JULY 25 You'll regret missing this. (Seriously.) Founders Meetup is your all-access pass to Southeast Asia's most influential investors, founders, and tech leaders - no pitch decks required. Join us in Kuala Lumpur on July 25 to forge game-changing connections, turn insights into opportunities, and become a part of the movement shaping the region's tech future. Ready to level up? [Get in on the action now.]( ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24 - 25]( The anticipation is building! 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