Into greener pastures: 20 of Indonesia’s largest exits

More: BNB Chain announces a partnership with Google Cloud, and Do Kwon feels the pressure as an arrest warrant is issued against him. [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](. --------------------------------------------------------------- Hello {NAME} I was listening to the radio the other day and heard a great song come on, but I didn’t know the title or singer. Naturally, the next thing I did was search it on Shazam, and I found out that the song was [Keeping Tabs by Niki](. I searched the song on YouTube and noticed that there was another song by Niki in the recommended videos column called High School in Jakarta. Upon further exploration, I realized that she was originally from Indonesia and had made it big in the music industry in the US, even being featured on the soundtrack for Marvel’s Shang Chi and the Ten Rings. I quickly went down the rabbit hole of listening to her other songs and I must say, I’m now a fan. There’s something in the simplicity of her lyrics that make them instantly relatable, while having a wistful, almost nostalgic aspect to it. Her songs brought me back to simpler times. It’s always nice to see people from Southeast Asia make a name for themselves, and I would say that same feeling applies to startups in the region that have pulled off some huge exits for themselves too. -- Jonathan P.S: Guess who’s back? It’s [Tech in Asia’s annual conference]( and it’s taking place in less than a week - from September 21 to September 22. Even better, we’ve managed to organize a hybrid version this year that will include in-person activities and sessions, among many other exciting things on the program. Personally, I’m looking forward to seeing the Startup Arena in person - what about you?  ---------------------------------------------------------------  THE BIG STORY [20 largest exits in Indonesia]( Here's our regularly updated list of the biggest startup exits in Indonesia.  --------------------------------------------------------------- TRENDING NEWS [Sea to forgo leadership salaries amid cash flow struggles]( The company does not anticipate being able to raise funds in the market, said CEO Forrest Li in an internal memo to staff, Bloomberg reported. [Indonesia antitrust agency probes Google over alleged monopolistic practices]( Google is suspected of abusing its dominant position by requiring certain apps to use its payment method. [Byju’s revenue growth slows in FYE 2021, losses widen by 12.5x]( Byju’s operating loss came in at US$814 million in FYE 2021 due to a surge in promotion expenses. [Indonesian ecommerce enabler TokoTalk to shut down operations]( The company said its services will be accessible until October 28. [MAS lays down new roadmap for SG’s financial services sector]( The Monetary Authority of Singapore projects the country’s financial services industry to grow at an average of 4% to 5% per year until 2025. [AC Ventures, Coinbase Ventures back $11m round of Indonesian crypto exchange]( Reku also announced the appointment of Jesse Choi, a tech veteran who previously worked for Bain & Company and AC Ventures, as its COO. ---------------------------------------------------------------  TECH IN ASIA CONFERENCE Get a free ticket to the Tech in Asia Conference 2022! Just one week to go until Tech in Asia Conference 2022 hits Marina Bay Sands in Singapore! If you're looking to expand globally this year, our official remote work partner, Globalization Partners, wants to meet you there. Hit up the Globalization Partners booth at the conference to learn how the company helps hybrid workplaces across the region's tech ecosystem. Don’t have tickets yet? As one of our sponsors for this year’s conference, Globalization Partners is sponsoring 25 FREE General Pass tickets (UP US$38) that will give you access to the event from September 21 to 22! All you have to do is claim it on the [Tech in Asia Conference website]( with the code “TIACONF22_1WEEKTOGO”. Get your tickets now before they run out!  ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - *Event*  [Tech in Asia Conference 2022]( on September 21st - 22nd at Marina Bay Sands, Singapore Just one more week until Tech in Asia Conference 2022 hits Marina Bay Sands in Singapore! If you're looking to expand globally this year, our official remote work partner Globalization Partners wants to meet you there! Hit up the Globalization Partners booth at the Conference to learn how the company helps hybrid workplaces across the region's tech ecosystem. What's more, Globalization Partners is sponsoring 25 FREE General Pass tickets (U.P. US$38) that gives guests access to Tech in Asia Conference 2022 on September 21 and 22. Hurry - use "TIACONF22_1WEEKTOGO" in the ticketing form while tickets last!  - [AD] [AWS AI/ML Reactor]( from October 10 to November 11 Amazon Web Services (AWS) has teamed up with Epiphany, a Pakistan-based startup accelerator, to launch the second edition of the AI/ML Reactor startup accelerator program. The immersive virtual program aims to help ASEAN and Pakistani startup founders take their business to the next level through various programs led by top tech experts from AWS, ASEAN, and Pakistan. Further, attendees can showcase their businesses and solutions during demo days, and selected participants will get the chance to meet VCs to further discuss growth plans. - [AD] [Huawei Spark Incubator]( from October 2022 to February 2023 at The Signature at Changi Business Park, Singapore Huawei, in partnership with IMDA PIXEL, is launching a five-month startups incubator program to support pre-seed and seed-stage Singapore-based startups in fintech, web3, and enterprise SaaS. With a focus on commercial and technology validation, the program will help startups sharpen their go-to-market strategy and strengthen their product and technological capabilities. Startups will also get to build business connections through Huawei's corporate and venture capital partners for post-program investment opportunities. Applications close on September 20.  ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Creative Director (SAC Indonesia)]( at PT Merah Cipta Media Jakarta, Indonesia - [Lead Software Engineer]( at 2359 Media Bandung, Java, Indonesia - [Senior Front End Engineer]( at GREDU Jakarta, Indonesia - [BACK-END ENGINEER]( at Lifepack Jakarta, Indonesia - [Konsultan Carbon Credit]( at PT. YUKK Kreasi Indonesia Tangerang, Indonesia - [Power Builder Developer]( at SIGMATECH 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](. 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