Singapore’s digital bank aspirants may face an uphill battle towards profitability

The clamor for digibank licenses in Singapore has mostly been based on hype. [View this email in your browser]( Daily Roundup Featured Article 🏦 [Singapore’s digital bank aspirants may face an uphill battle towards profitability]( — The clamor for digibank licenses in Singapore has mostly been based on hype. Top stories You can read all trending stories on Tech in Asia [here](. 📱 [For Shopee, being ‘late’ to the ecommerce game has helped its rise in Southeast Asia]( — By launching as an app first, Shopee was able to tap the region’s high mobile penetration rate early on. 🇨🇳 [Chinese apps edged out by domestic rivals in India as competition heats up]( — Locally developed apps make up 41% of India’s top 200 installed apps this year. 🎞 [Tencent Video, iQiyi launch payment plans for early access to new episodes]( — Though the two streaming giants faced backlash online, analysts say users will most likely see the trend more in the future. 📕 [How two young founders built the largest education startup in Indonesia]( — Despite big marketing spending, Ruangguru’s investors still believe in unit economics. ⚙ [China takes road to tech self-sufficiency amid standoff with the US]( — It has started by creating a US$29 billion state-backed fund with the aim of creating its own semiconductor supply chain. Asia Landscape Report 🌏 We're working on a report that will reflect the state of the tech and startup industry in Asia. If you work in a startup or the tech scene, we'd love to hear from you! 👉 [Take survey here]( To thank you for your time, you’ll get full access to our findings. And as a bonus, 50 survey respondents will receive a 3-month Tech in Asia subscription - on us! Featured jobs 💻 You can post a job for free [here]( or search for jobs [here](. [logo] [Senior Software Developer (Backend)]( at Flip Depok, Indonesia | IDR 15,000,000 – 30,000,000 [logo] [Senior UI Designer]( at Flip Depok, Indonesia | IDR 15,000,000 – 30,000,000 [logo] [Senior UX Designer]( at Flip Depok, Indonesia | IDR 15,000,000 – 30,000,000 [logo] [PR & Communications Executive]( at SIRCLO Tangerang, Indonesia [logo] [Technical Program Manager]( at Ninja Logistics (Ninja Van) Singapore, Singapore | SGD 6,000 – 9,000 with equity [logo] [Senior Social Media Manager]( at Ematic Solutions Kuala Lumpur, Malaysia | MYR 3,800 – 4,500 What do you think of today's email? [Facebook]( [Instagram]( [Twitter]( [LinkedIn]( [YouTube]( [Podcast]( Copyright © 2019 Tech in Asia, All rights reserved. You have registered for Tech in Asia. Our mailing address is: Tech in Asia 51 Bras Basah Rd #05-5061Singapore 189554 Singapore [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.