CapCut could be just what ByteDance needs

A look at how ByteDance’s CapCut is faring [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 used to be really interested in video editing for a while. Just over a year ago, I was the editor for a talk show series about Singapore’s rock climbing scene called Pinch of Salt. (Although we’ve put the show on hiatus for the time being, here’s a [shameless plug]( if you’re interested to know more about the sport). While the videos were relatively straightforward to edit, it took me quite a while to get into the workflow, especially since each episode was rather long. There were also some episodes that were particularly difficult given our filming set up. Despite all that work, I knew I’d only scratched the surface of how difficult editing could really be. That’s why I’ve always found it amazing how apps like TikTok can make it look so effortless. Some creators on the platform have put out truly creative videos, seemingly in no time at all. And now that video-editing apps like CapCut have come into the picture, it could take these creators’ editing capabilities to the next level. Today’s story takes a look at how the app is performing and what it could mean for its developer, ByteDance. -- Jonathan PS: Check out Tech in Asia’s updated [hiring tracker](. Fill up [this form]( in case you are hiring.  ---------------------------------------------------------------  THE BIG STORY [CapCut could be ByteDance’s next cash cow]( TikTok’s sister app CapCut has dominated its category for the past year, but can the video-editing platform further monetize its audience? ---------------------------------------------------------------  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 deck behind Wise’s $1.3m seed raise]( In this video, Cocoon Capital co-founder Michael Blakey breaks down what did and did not work in Wise’s pitch deck. He’s also candid about why he turned down Wise’s pitch and this exact deck a decade ago. --------------------------------------------------------------- TRENDING NEWS [Alibaba subsidiary launches ecommerce platform in Spain]( Miravia is operated by Arise Operating E-commerce, a Singapore-registered company sharing a legal address with Lazada. [Binance reenters Japan with crypto exchange acquisition]( In 2018, Binance exited the country after receiving a warning from the Japan Financial Services Agency for operating without a license. [GoTo shares fall to new low after stock lockup expires]( GoTo shares plunged 6.6% to 141 rupiah on Thursday morning in Jakarta, down 58% from the IPO price of 338 rupiah. [2C2P, Pine Labs announce BNPL partnership]( The companies said that the collaboration will help expand BNPL to more customers in six countries. [Malaysia’s Al Rajhi Bank launches digibank offering]( One of the key features of Rize is a personalized digital financing option that requires minimal documentation and no processing fee. [MAS awards major payment institution license to SG crypto platform]( MetaComp is the latest company to be awarded the license, following Atome last month. ---------------------------------------------------------------  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](. - [Product Manager]( at NusaTalent Jakarta, Indonesia - [Java Programmer]( at PT. Wahana Pembayaran Digital Jakarta, Indonesia - [IT Presales Staff]( at AKAR INTI ENTERPRISE Jakarta, Indonesia - [Customer Success Manager]( at Female Daily Network Jakarta, Indonesia - [Graphic Designer]( at Rocketindo Jakarta, Indonesia - [Finance Analyst Lead]( at PT Samala Serasi Unggul 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. 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