The Zilingo saga continues

More: Chinese tech giants say no to digital collectibles, and a TikTok competitor bids farewell. [Read from your browser]( Daily Newsletter Hello {NAME} Are you a fan of long-running TV series or movie franchises? Personally, I feel like most stories go on for way too long. Every tale has its sell-by date, and forcing it to extend beyond that point is delaying the inevitability of its demise. Just look at the Indiana Jones and Terminator franchises - they should’ve stopped at the second and third movies, respectively. But real-life sagas can sometimes be pretty compelling. Today’s premium article looks at the latest developments in the ongoing Zilingo drama. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Zilingo’s Ankiti Bose resigns from the company’s directorships]( Bose's resignation comes more than a week after co-founder Dhruv Kapoor filed a management buyout proposal to the Zilingo board.  --------------------------------------------------------------- PODCAST How Animoca Brands became a blockchain gaming juggernaut Animoca Brands is practically synonymous with the blockchain scene, with reports of its acquisitions, fundraising, and expansions regularly hitting the news. But the Web3 empire’s thrilling crypto success didn’t begin in a grand way. Though it’s now valued at US$5 billion, the company was actually delisted from the Australian Stock Exchange in 2020. How did the blockchain gaming juggernaut make such a stunning turnaround? On [this episode of Deep Dive]( Tech in Asia journalist Deepti Sri discusses the company’s rise to prominence and its ambitions to conquer the Web3 space. Listen here: [Spotify]( | [Apple Podcasts](  --------------------------------------------------------------- TRENDING NEWS [SG crypto platform pauses withdrawals amid industry crisis]( Vauld will be seeking a moratorium with the Singapore courts and may undergo a restructuring exercise. [Pinduoduo to outpace JD, Alibaba in GMV by 2024, says report]( According to Morgan Stanley’s estimates, Pinduoduo will surge ahead by 17.6%, surpassing JD.com at 15.5% and Alibaba at 8%. [Chinese beauty app expects up to $52m in losses on crypto investments]( Meitu had been holding its crypto portfolio after hoarding US$32.7 million worth of ether and US$18 million worth of bitcoin. [Byju’s nears $800m fund completion, closes payment to tutorial chain Aakash]( The audited financial results of Byju’s are going to be announced in the next 10 days. [TikTok in talks to open UK warehouses for TikTok Shop]( The plan will involve stocking products with consistent sales in local storerooms to speed up delivery times, LatePost reported. [Ethereum co-founder, A16z former GP back SG crypto firm’s $7.2m round]( AltLayer helps developers of blockchain apps set up a disposable layer to withstand surges in traffic. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - *Event* [Fintech Forum]( on July 7 Join us at this year's Fintech Forum, hosted by Tech in Asia and Amazon Web Services (AWS). We've brought together the fintech industry's leading technical experts and innovators to discuss the most important issues facing the sector, dive into the latest trends and opportunities to scale successful business, and share their strategies for staying competitive in the dynamic fintech space. - *Event* [SYNC]( on Aug 3rd-5th, Conrad Bali Tech in Asia is excited to host our first closed-door, in-person networking summit in two years at Conrad Bali, Nusa Dua. Headlined by best-in-class speakers in Asia's tech startup scene, join over 100 C-suites at SYNC, Asia's premier tech summit to reconnect and reinvent ideas outside the boardroom. Discover the SYNC experience - [apply for an invite today](.  ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Head of IT]( at JAC Recruitment Indonesia Tangerang, Indonesia - [Customer Success Manager]( at The Grid (by Darwiin) Kuala Lumpur, Malaysia - [Web SDET]( at Halodoc ID Jakarta, Indonesia - [Head of Enterprise Sale - Fintech]( at Trusting Social Ho Chi Minh City, Vietnam - [Product Researcher Lead]( at AwanTunai Jakarta, Indonesia - [Junior Growth Associate]( at Ematic Solutions Ho Chi Minh City, Vietnam [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 © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894