A timely dive into Shopee’s profitability plans

More: PayMongo CEO is stepping down, and XanPool’s fundraise has hit US$41 million this year. [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} To say things are in flux in the tech world is an understatement. On one hand, we’re tracking an almost unceasing [wave of mass layoffs]( and documenting stories of [historic downfalls (read: FTX)](. On the other hand, headlines of international expansions and notable fundraises continue to pour in (more on this later). Life sure seems to be a study in contrasts at this moment in time, but for Sea Group, these contrasts are much closer to home. Here’s why: Garena’s fortunes have significantly changed in the span of one year. Its bookings were at an all-time high in Q3 2021, but these have now nearly halved in value. Shopee, meanwhile, is proving to be the ace of spades despite exiting some markets and job cuts. -- Nikita  ---------------------------------------------------------------  THE BIG STORY [Shopee rights the ship – for now]( The ecommerce giant has come through the first phase of the storm. Can it stay on track for 2023? ---------------------------------------------------------------  TECH IN ASIA ORIGINALS Tech in Asia Originals is where we produce video content that aims to breathe life into the people, companies, and markets in Asia's startup ecosystem. Explore all of our original videos [here](. [VC breaks down Bukalapak’s seed round pitch deck]( In this video, Cocoon Capital co-founder Michael Blakey breaks down the pitch deck that Bukalapak used to secure the fundraise. He candidly critiques what works and what could have been done better from an investor point of view.  --------------------------------------------------------------- TRENDING NEWS [EDBI’s chief exec to step down, establish new fund]( Chu Swee Yeok will be succeeded by Paul Ng, who is currently a managing partner at EDBI. [Temasek admits it could have been defrauded by FTX]( The government-owned investment firm has updated its FTX statement while former CEO Ho Ching also weighed in via Facebook. [How to stop your startup becoming a ‘franken-org’]( There are some common mistakes many founders make in organizational design. Learn how to recognize and avoid them by thinking strategically. [TIA x IMDA: A long-term partnership built on a common goal]( It began with articles and has since expanded into a full range of multimedia offerings. [Former Grab director’s influencer platform banks $13m]( TipTip enables influencers to create content and connect directly to their fans. [Gojek, ComfortDelGro announce ride-hailing partnership]( The two inked an agreement to explore giving Gojek access to ComfortDelGro’s taxis on the former’s app. ---------------------------------------------------------------  EVENT TIA x Seek Asia: Tech Community Networking It’s been a challenging few weeks for the tech community and many of its talented members. Even in these difficult times, we want to celebrate the strength of the individuals in the ecosystem and bring the community together for an afternoon of support, networking, and discovery. [Join us]( on December 5 to connect with the broader tech community and meet with selected employers that are still hiring! Employers, if you have 5+ open roles and would like to join this event to meet potential candidates, please connect with us at event@techinasia.com and we’ll get you more details. [Register now]( to secure your complimentary seat. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Business Development (Lampung)]( at Mekari Bandar Lampung, Indonesia - [Senior Backend Engineer]( at Rey.id Jakarta, Indonesia - [Barista & Crew Outlet]( at MyRobin Jakarta, Indonesia - [QA Tester Manual Intern]( at Female Daily Network Jakarta, Indonesia - [Digital Marketing (Facebook Ads) Intern]( at Griity Jakarta, Indonesia - [Investor Relation]( at Octopus Indonesia 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 © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894