Brewing a cup of comeback

More: Shanghai hopes to achieve the same with its livestreaming sector. [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 Flash Coffee is [getting back up]( - The imminent IPO plans of a Singaporean ecommerce enabler - Other newsy highlights such as Shanghai’s plans for its livestreaming sector --------------------------------------------------------------- Hello {NAME} As a child, I was a pretty good student. I got decent grades without too much struggle, and even when things started to get more difficult (and I began neglecting my studies a bit), I still got by. Sounds groovy? Well, yes, but actually no. I never learned how to fail. Or rather, I never learned how to pick myself up after failing. And that’s probably a more important lesson than anything else they could teach you in school. That doesn’t seem to be a problem for Flash Coffee. The firm’s had a rough few years - at one point, it had more than 200 stores across Asia Pacific, but it’s now left with just 67 outlets, all in Indonesia. However, things are turning around. The coffee chain has onboarded ex-Foodpanda CEO Jakob Angele as its new executive chairman, and it has also increased its revenue per store figure by more than 50% between February and June this year. Read on to see how else Flash Coffee is dusting itself off, learning lessons from its mishaps, and forging a new future. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Flash Coffee taps ex-Foodpanda CEO in turnaround bid]( The coffee chain has hired Jakob Angele as its executive chairman and refocused on its Indonesian business. --------------------------------------------------------------- TRENDING NEWS [SCI Ecommerce is said to be considering an IPO in Singapore]( SCI Ecommerce, a digital commerce solution provider backed by Asia Partners, is reportedly considering a public listing in the city state by as early as mid-2025. The IPO could push the company’s valuation to over US$1 billion. [Shanghai bets on live-streaming economy to boost China’s anaemic consumption]( Shanghai aims to revitalize its livestreaming sector, aiming for US$84.6 million in annual gross merchandise value by 2026. To achieve that goal, the city is enacting a "Three-Year Action Plan," which includes initiatives such as establishing 10 “top-tier” livestreaming platforms. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Southeast Asia tech ecosystem report]( All you need to know about Southeast Asia's startup scene in five minutes. --------------------------------------------------------------- DESIGNERS CODING, ENGINEERS DESIGNING - IS THAT POSSIBLE?  Spoiler alert: yes, and we're proving it Buckle up - the future of design speaks fluent AI, and we’re here to translate. This exclusive roundtable on September 26 is 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. We won’t be adding more seats - [apply for your invite now]( before it’s too late. ---------------------------------------------------------------  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!]( [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.]( [SYNC 2024 on October 08]( SYNC 2024 is taking on a new dimension. This year, we're diving deep into the world of artificial intelligence - the force that's reshaping industries, driving innovation, and redefining the future of business. AI is already here, but it's only just beginning to reveal its true potential. [Find out more about SYNC 2024 today.]( [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](. - [Lead Backend Engineer]( at Stockbit Jakarta, Indonesia - [Data Analyst]( at PT Allo Bank Indonesia Tbk Jakarta, Indonesia - [Digital Marketing Manager]( at Reku Jakarta, Indonesia - [Program Operations]( at TADA Jakarta, Indonesia - [UX Researcher]( at Makmur Jakarta, Indonesia - [System Analyst]( at Indocyber Global Teknologi 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. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2024 Tech in Asia, All rights reserved. 13A Neil Rd, Singapore 088810 A member of The Business Times.