This co-working firm reaps benefits of letting go

Check out our top articles for the week. [Read from your browser]( Top Stories of the Week Welcome to Tech in Asia's free Sunday newsletter! Get full access to our subscribers-only premium content and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. Hello {NAME} I've only ever tried a co-working space once. I needed to pick up my wife from her office, and there was a nearby co-working place there that offered hot seats, and figured I could work from there to save hours on traffic. It was comfortable. The AC was blasting and the place was buzzing with people. There was coffee too - a huge plus. It's no wonder that the co-working space segment is big business worldwide. And Singapore’s JustCo is one player in the game. In 2023, the company saw a spike in its numbers, reaching a positive operating income for the year. While this followed JustCo's exits from Indonesia and China in late 2022, the company is slated to open new centers next year. We'll keep you posted on what comes next for JustCo. -- [Miguel Cordon]( journalist at Tech in Asia  --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [JustCo knocks, profit answers after 2 key market exits]( The Singapore co-working firm exited China and Indonesia in 2022 but has center launches prepared for next year. 2. [Fave founder opens up about most ‘challenging’ exit and why he left]( "A company has a life of its own ... It’s got a mission, a whole team... and we’re only the guardians of this for a time period," he said. 3. [Zus Coffee brews global plans amid IPO buzz]( The Malaysian coffee chain is reportedly eyeing a valuation of up to US$336 million. 4. [Why Asia’s future hinges on healthtech startups]( Investor mindsets and the evaluation criteria for healthcare startups need to be aligned with the speed of innovation. 5. [National interests trump AI transparency in Asia]( Building transparent AI models is difficult, costly, and may compromise accuracy, but it’s a key ethical issue. 6. [Ant Group’s 2C2P slashes 2023 losses by 93%]( However, the Singapore-based firm's losses in 2022 were inflated by a one-time share-based payment. 7. [Curves ahead for IPO-bound Ola Electric]( Ola Electric may be hard-pressed to keep its market leadership as legacy players continue to target the two-wheeler EV market. 8. [Malaysia = next big thing in tech? Khailee Ng explains]( 500 Global's managing director told Malaysian founders that there’s no better time to build companies. 9. [A cheat sheet of M&As in Southeast Asia]( Need to get up to speed with SEA’s M&A scene? This one’s for you. 10. [Jiva grows revenue 62% in 2023, plants seeds for profit]( The agritech firm is based in Singapore but mainly operates in India and Indonesia. ---------------------------------------------------------------  YOUR CHANCE FOR UNFILTERED, ONE-ON-ONES WITH SEASONED VCS  You'll regret missing this (seriously) At Founders Meetup, we also offer entrepreneurs the opportunity to spend one-on-one time with seasoned investors. In our all-new VC office hour, founders can discuss funding prospects and more with VCs - no pitch decks required. [Get your early bird pass]( to join us on September 11 in Bangkok. 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