Inside Oatside’s surging revenue

More: Ant Group joins a sandbox in Hong Kong, and SenseTime posts a huge jump in revenue. [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 you [“oat” to know about Oatside]( - The behind-the-scenes tie-ups of Southeast Asia’s VCs - Other newsy highlights such as Ant Group joining a sandbox project and SenseTime’s jump in revenue --------------------------------------------------------------- Hello {NAME} I love drinking milk. Almost every night since I was young, I’ve downed a glass right before going to sleep. Over the years, I’ve tried different brands: HL, Pauls, Meiji, you name it. I’m particularly fond of the chocolate-flavored Meiji milk. In recent years, I’ve seen Oatside milk making more of a name for itself. I’ll be honest, when I first tried its Original flavor, I wasn’t really blown away. It wasn’t bad by any means, but it just wasn’t really my thing. Since then, however, the oat milk brand has come out with several new flavors, and it’s really started to grow on me. It seems like Oatside is doing something right. Beyond capturing potential new customers like myself, the firm has grown its revenue by 3x from 2022 to 2023. Today’s story dives into the details and explores how it’s been doing so well. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Oatside sows 3x revenue growth as expansion bears fruit]( The Singapore-based firm's oat milk products are available in 18 countries, including Indonesia, Japan, and China. --------------------------------------------------------------- TRENDING NEWS [Sensetime’s generative AI growth pushes revenue up 21% in first half]( The Chinese AI giant has seen its revenue surge by over 20%, with most of it attributed to its gen AI business. Its gen AI segment saw its revenue shoot up by 256% year on year, accounting for 60% of total revenue (US$244 million) for H1 2024. [Ant International joins the Hong Kong Monetary Authority’s project ensemble sandbox]( The sandbox project was launched in March this year and aims to support the creation of a wholesale central bank digital currency in the territory. ---------------------------------------------------------------  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. --------------------------------------------------------------- GET CLARITY ON YOUR FUNDING PROSPECTS WITH VCS  We have a lot in store for you this September at Founders Meetup Don’t miss out on unfiltered, one-on-one advice from seasoned investors like Woraphot Kingkawkantong of Beacon Venture Capital, Ratchanon Supakit of Plug and Play Tech Center, and Jirapat Suvidejkosol of Vertex Ventures. 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