Time for a new VC model in SEA?

More: Bleak recovery prospects for victims of India’s biggest crypto hack and JD.com’s global expansion push. [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 VC can get off the canvas in SEA]( - JD.com pushing its global expansion - The top lenders to SEA's and India's tech companies - Other newsy highlights such as victims of the largest cryptocurrency theft in India's history looking out of luck --------------------------------------------------------------- Hello {NAME} Working for Vietnamese companies for most of the last decade has taught me a lot. Perhaps the biggest lesson was to stop assuming that an approach to a problem that works in the West will work here, too. I’ve seen plenty of friends and colleagues bang their heads against a proverbial (and sometimes literal) wall when a solution they found effective back home produces a different result. Once I learned to not stress out over the fact that most of my colleagues napped at lunch time and the lack of a clear distinction between working hours and personal time, I became much happier and more productive. Today’s featured piece looks at how venture capital in Southeast Asia is struggling to provide investors with returns, and part of the problem is adopting the same approaches that have worked in Silicon Valley. Adapting to the realities on the ground here could forge a better way forward. -- Peter  ---------------------------------------------------------------  THE BIG STORY [VC is on the ropes in SEA. Here’s how it can bounce back]( Venture studios offer an alternative while traditional firms could adapt by getting more creative. --------------------------------------------------------------- TRENDING NEWS [JD.com charts global expansion, launches in four countries]( The Chinese ecommerce major has expanded its global sales business to the US, Japan, Singapore and Malaysia, according to reports. JD.com plans to also expand to more markets in Europe, North America, and Oceania. [Customers of Indian crypto exchange WazirX unlikely to recover full funds]( The victims of a US$234 million hack at WazirX will probably not recover their funds completely amid a restructuring at the Indian crypto trading platform, TechCrunch reported. The July hack was the largest cryptocurrency theft in history in India. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [The top lenders to SEA’s and India’s tech companies]( Debt may be in vogue among tech companies in Southeast Asia and India. Investors are set to tap the demand. --------------------------------------------------------------- SYNC 2024 - AI • SINGAPORE  Unlocking the future of AI with Asia’s top leaders Get ready to experience the future of AI at SYNC 2024, an exclusive, closed-door event convening 100 of Asia's most influential minds in the AI landscape. We're thrilled to announce that Min-Liang Tan, co-founder & CEO of Razer, will be joining our main stage speaker lineup. Besides the main stage content, you can expect to experience tailored roundtables, AI startups demo, and networking opportunities aimed at equipping you with the knowledge and resources to navigate the ever-evolving AI landscape. This exclusive event is by application only. Find out more about [SYNC 2024]( today. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this]( page](. Our team will get back to you by the next business day. - TechCreate - [TechCreate Solution Partners with IDEMIA Secure Transactions to Elevate Digital Payments in Cambodia]( TechCreate and IDEMIA partner to revolutionize digital payments in Cambodia, advancing financial inclusion and cutting-edge payment solutions. - SquareX - [Singaporean Startup, SquareX, Disrupts Multi-Billion Dollar SASE industry, Exposes the Failures of Secure Web Gateways]( SquareX delivered a groundbreaking presentation at DEF CON 32, univocally proving that Secure Web Gateways (SWGs) are broken beyond repair. - IPOS - [More Support To Boost IP Capability Among Creators and Enterprises]( More resources, training programmes and advisory services will be extended to deepen IP competency in Singapore’s wider innovation sector. - Libertex - [Libertex to Take Centre Stage as Gold Sponsor at iFX EXPO Asia 2024]( Leading trading platform Libertex will feature prominently at Southeast Asia’s premier trading expo, ---------------------------------------------------------------  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 Jakarta on October 23 - 24]( Get ready to be inspired at the upcoming #TIAConferenceJKT. We are bringing together the region's top minds for two days of in-depth discussions, groundbreaking ideas, and unparalleled networking opportunities. Hear from Edward Tirtanata on the D2C user preferences across SEA, what it takes to build an AI startup from Wiz.AI’s Jennifer Zhang, and Gibran Huzaifah shares how he built SEA’s first agritech unicorn. [Get your tickets at 45% off now!]( [Tech in Asia’s Founders Meetup: Thailand on September 11]( Don’t miss out on unfiltered, one-on-one advice from seasoned investors from Beacon Venture Capital, Plug and Play Tech Center, and Vertex Ventures. Ask them anything - from securing funding to navigating challenges to building a winning team - during our all-new VC office hour. Limited 1+1 bundle deals up for grabs. [Get your tickets now!]( [DevOps Decoded: Industry Insights & Networking on September 12]( Feeling the pressure to deliver faster, smarter, and more securely? Learn real-world strategies and practical advice to optimize your workflow, conquer complex pipelines, achieve solid compliance, and harness the power of AI/ML and open-source tech. Don't just play the game - master it. [Apply for your invite today.]( [Leadership Collective: Building at Scale on September 26]( Consider this your backstage pass to the expanding intersection of design and AI, where creativity meets algorithms and workflows transform into intelligent, collaborative ecosystems. We're unpacking how AI can help you improve traditional processes, build innovative products, and gain a competitive edge. Seats are extremely limited - [apply now.]( [Startup Factory at Tech in Asia Conference Jakarta]( Are you a founder looking for inspiration, connections, and the latest tech insights? Look no further than the Startup Factory at #TIAConferenceJKT! This exclusive space, designed for founders like you, will showcase the region's most promising tech companies. Get up close and personal with the innovators shaping the future, discover the trends driving the tech industry, and connect with potential partners and investors. Competition is fierce and limited booth slots are available. [Apply now!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Marketing Manager]( at AiChat Jakarta, Indonesia - [Senior Tax Associate]( at Deliveree Indonesia Jakarta, Indonesia - [Business Analyst IT]( at Indocyber Global Teknologi Jakarta, Indonesia - [Regional Marketing Intern - Bali]( at Hangry Denpasar, Bali, Indonesia - [Odoo Developer]( at Permata Teknologi Solusindo Tangerang, Indonesia - [Account Receivable (Renewal) Staff]( at Jubelio Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. 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