How Coco & Eve scored a $100m exit

More: Updates on Telegram founder’s arrest and JD.com’s plan to buy back up to US$5 billion worth of shares. [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: - How Coco & Eve exited for [US$100 million]( - JD.com’s big share buyback plan - The latest layoffs happening across Asia - Other newsy highlights such as the charges Telegram founder Pavel Durov is facing --------------------------------------------------------------- Hello {NAME} As someone who doesn’t use cosmetics and hardly any skincare products, I’m always a little bewildered when I follow my wife into a Watson’s and see the sheer range of products available. Are there really that many different ways to wash or nourish one’s skin? How many are real solutions and how many are just the product of manufactured demand? Regardless of my ignorance, it’s evident that it’s a massive industry. Today’s premium story takes a look at a Singaporean skincare and haircare brand’s journey to a US$100 million acquisition. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Inside a Singapore beauty brand’s $100m glow up]( Coco & Eve's acquisition by Gauge Capital is one of the largest beauty industry deals to emerge from Singapore. --------------------------------------------------------------- TRENDING NEWS [Paris court explains why it’s arrested Telegram founder Pavel Durov]( The charges behind Durov’s arrest in France have been released. These include being complicit in storing and distributing child sexual abuse material, facilitating drug trafficking, and facilitating organized fraud. [JD.com unveils massive share buyback as China concerns grow]( The Chinese tech giant has announced a share buyback program worth up to US$5 billion. The move aims to reassure investors who are concerned about the potential impact of a weakening Chinese consumer market on the company's performance. The development comes soon after Walmart’s sale of its stake in JD.com. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Asia layoff tracker: latest on Geniebook, Cake, and PocketFM]( Tech firms are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders. --------------------------------------------------------------- DISRUPT, OR BE DISRUPTED - YOU NEED TO STEP UP  Why complacency leads to dead ends in the future of DevOps Feeling the pressure to deliver faster, smarter, and more securely? 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