The many faces of Indonesia’s beauty commerce sector

More: Baidu’s Q4 2022 net income triples from the previous 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} I’m the type who’s comfortable with chilling in just t-shirts, shorts, and slippers all day, everyday. Shout out to my friend Alvin who loves his [military t-shirts]( another classic outfit for us guys in Singapore. That, coupled with stuff from Uniqlo, would probably cover a good 80% of what men like to wear here. Jokes aside, having no interest in cosmetics means I don’t have to worry about which lipstick shade matches my outfits. So kudos to all the beauty enthusiasts out there who put in the effort to apply makeup because damn, it seems to involve tons of time and skill. In today’s story, we peek into some Indonesian brands that want to make looking good, great. These beauty commerce firms come in all shapes and sizes, with several different verticals within the space to fit different consumer needs. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [The key players in Indonesia’s beauty commerce space]( The ecommerce boom during the pandemic has spurred the emergence of beauty startups in Indonesia, particularly in the direct-to-consumer space. --------------------------------------------------------------- TRENDING NEWS [Grab aims to hit adjusted EBITDA breakeven sooner than expected]( Grab logged US$502 million in revenue for Q4 2022 as mobility staged a comeback. [SG’s GetGo Carsharing raises $14.9m to expand electric fleet]( The car-sharing platform aims to serve more than a million households in Singapore by 2030. [Shein to close new funding round at lower valuation]( The development comes amid reports saying Shein is planning an IPO in the US this year, 36Kr noted. [Vietnam’s FPT Software acquires US firm’s IT services unit]( Following the acquisition, FPT Software will onboard nearly 300 employees and take over four Intertec offices. [Indian Web3 gaming firm raises $20m at $150m valuation]( Kratos Studios has also acquired IndiGG DAO through a token swap. [Baidu’s net income almost triples in Q4]( The internet giant said it will fully integrate AI chatbot Ernie across its operations, including Baidu Search and Baidu AI Cloud. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. [Register now]( and you can get 50% off. This early bird promo is available for a limited time only, though, so don’t miss out! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Senior Product Manager, Indonesia]( at Tech in Asia Jakarta, Indonesia - [Growth Marketing Associate]( at AlemHealth, Ltd. Singapore, Singapore - [Database Engineer]( at PT Qerja Manfaat Bangsa Indonesia Bulk Terminal, Indonesia - [Senior IT Presales Specialist]( at Female Daily Network Jakarta, Indonesia - [Tech Lead]( at SIGMATECH Jakarta, Indonesia - [Front-End Engineer]( at Lifepack 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 © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894