When it comes to going global, let Japan’s startups cook

More: Canva acquires a generative AI startup and Bank Jago soars past 10 million users. [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: - What’s brewin’ and stewin’ in [Japanese startups’ globalization efforts]( - Bank Jago reaching more than 10 million users - Other newsy highlights such as Canva’s latest acquisition and the hidden alliances between Southeast Asia’s VCs --------------------------------------------------------------- Hello {NAME} Somewhat recently, there was a meme called “Let Him Cook” going around. Yes, I’m terminally online, I know. The original meaning of it was to give someone time and space to work on something - that “something” usually being a little weird. It has since grown to encompass more than just planning something weird, and people tend to use it in all sorts of ways these days. However, the core idea is rather simple and has not changed: to leave someone to their own devices and wait to see the outcome, kind of like what actual cooking is. Seeing the headline for today’s premium story - “Japanese startups haven’t gone global yet, but the ingredients are there” - immediately led me to think of this meme, because it encapsulates the idea of Japan’s tech scene just needing some time to see its improvements come to fruition. In other words, let Japanese startups cook! -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Japanese startups haven’t gone global yet, but the ingredients are there]( The rise of startups linked to academia, a proliferation of startup events, and a surge in funding all indicate that Japan’s ecosystem is on the rise. --------------------------------------------------------------- TRENDING NEWS [Bank Jago now has over 10 million users]( The Gojek-backed digibank distributed US$960 million in credit by the end of the second quarter of 2024, a 40% increase from the same period last year. [Canva acquires Leonardo.ai to boost its generative AI efforts]( The design software firm has acquired Leonardo.ai, an Australia-based genAI content and research startup, for an undisclosed amount. Founded in 2022, Leonardo.ai offers collaboration tools and a private cloud for AI models. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [The hidden alliances between Southeast Asia’s VCs, uncovered]( We've visualized an intricate web of relationships among Southeast Asia’s VCs, using deal data in the past two years. ---------------------------------------------------------------  TIA CONFERENCE KL 2024: IT’S OFFICIALLY A WRAP! Guess where we’re headed next? Over 1,600 attendees from across the globe converged for Tech in Asia Conference Kuala Lumpur. Our flagship Startup Factory segment showcased over 50 next-gen disruptors, while Startup Arena had five finalists compete for over US$10,000 in prizes. Countless connections were forged, insightful workshops sparked conversations, and the energy was electric. It was a testament to Malaysia's rise as a Southeast Asian tech powerhouse. 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