Looking at Southeast Asia’s billion-dollar club

More: The logistics startup looking to raise US$1 billion from Tencent and the sizable R&D plans of Secretlab [Read from your browser]( Daily Newsletter Hello {NAME} , Can you believe it’s been eight years since the term “unicorn,” which describes a startup with a valuation of US$1 billion or higher, was coined? We’ve come a long way since then, with new entrants joining the club every year - Southeast Asia now has 32 of them. (As a Dallas Mavericks fan, I just want our own “unicorn” - Latvian forward Kristaps Porzingis - to live up to that moniker a little more.) Our featured premium story today features some important facts about these firms: where they’re from, who invested in them, and what they’re worth. -- Winston  --------------------------------------------------------------- THE BIG STORY [A list of Southeast Asia’s unicorns and their early investors]( A record number of new unicorns have been born in 2021.  ---------------------------------------------------------------  TRENDING NEWS [J&T Express in talks to raise $1b from Tencent, others]( The investment would give the Indonesian logistics giant a pre-money valuation of US$20 billion, The Information reported. [Ant-backed Korean payment major Kakao Pay reduces IPO target to $1.3b]( Kakao Pay reduced its share price for its IPO by around US$3 per share after regulators raised concerns about soaring valuation, reported Bloomberg. [Gaming chair maker Secretlab to invest $37m in research and development]( Secretlab is also looking to hire up to 100 people over the next year, reported the Business Times. [Alibaba’s logistics arm Cainiao partners with FairPrice Group unit in Singapore]( The tie-up with Grocery Logistics of Singapore will allow Cainiao to beef up its parcel-handling capacity and deliver orders quicker in the city-state. [SoftBank leads photo editing platform’s $130m series C round]( The editing platform for photos and videos has raised a total of $195 million in capital since its founding. [Singapore fintech firm Fomo Pay secures three new licenses from MAS]( Fomo Pay now holds four out of the seven key regulated activities under Singapore’s payment services act licensing framework. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - Startup Arena Pitch Battle - [Submit your application]( today and stand a chance to win more than US$24,500 in prizes! - *Live* My roller-coaster journey building HappyFresh on October 12 - [RSVP]( - *Live* Leadership lesson: Scaling Google in Southeast Asia on October 12 - [RSVP]( - *Live* How to catch the content economy boom on October 13 - [RSVP]( - *Live* Decoding the cloud kitchen boom in SEA on October 13 - [RSVP]( - *Live* Understanding Razer’s fintech and greentech ambitions on October 13 - [RSVP]( - *Live* Making something people love: The Dana way on October 13 - [RSVP]( - Tech in Asia Conference: Southeast Asia Global Debut on October 12 to 14 - [Grab your early-bird tickets](  ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Customer Support Manager]( at Liv.it Singapore, Singapore - [Senior IT Security]( at Mekari (PT. Mid Solusi Nusantara) Jakarta, Indonesia - [Junior Backend Engineer (Remote)]( at Happy5 Jakarta, Indonesia - [Outsourcing Recruitment Coordinator]( at MyRobin Indonesia Surabaya, Indonesia - [Jr. People Operations]( at Laku6 (Rebonics) Jakarta, Indonesia - [Software Engineer]( at LingoTalk 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. 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 © 2021 Tech in Asia, All rights reserved. 51 Bras Basah Rd, #05-5061, Singapore 189554