Sizing up SEA’s listed tech majors

More: The region’s largest telco merger gets wrapped up in Thailand. [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} On Sunday, the football world witnessed a freak result. On its home turf, Liverpool thumped Manchester United 7-0 to reignite its ailing season and inflict the heaviest defeat in 92 years on its archrival. The comedic element is that before the game, many expected the Red Devils to come away from Anfield with a favorable result, given they are the most in-form team in England this year. Here’s the thing though: Assumptions go out the window when matters are laid bare. More pertinently, unexpected outcomes aren’t unusual. Similarly, Tech in Asia’s visual analysis of Southeast Asia’s notable public tech firms - Grab, GoTo Group, Sea Group, Bukalapak, PropertyGuru, and TDCX - reveals some unforeseen and puzzling truths. For instance, the chart-based premium story shows that Sea Group’s Q3 revenue is over four times the combined revenue of Grab and GoTo in the same period. However, the Shopee parent firm is valued at a significantly lower price-to-sales ratio than the ride-hailing giants. Read on to discover more unique and interesting insights among the region’s leading lights! -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [SEA’s major listed tech firms compared in 9 charts]( These companies could dictate whether more global investors will back Southeast Asia and decide the fate of the region's tech industry. --------------------------------------------------------------- TRENDING NEWS [Vietnam police to investigate IPO-bound lender F88]( F88 recently raised US$50 million in series C funding as it prepares for a domestic IPO in 2024. [Binance refutes that US company aims to skirt regulators]( Binance.com and Binance US are separate legal entities, a company spokesperson reaffirmed to Tech in Asia. [Fintech firm Fazz slashes jobs, freezes co-founders’ salaries]( The Indonesian startup said the reorganization is aimed at shifting its focus to its core strengths – payments, credit, and stablecoins. [True, Dtac merge to form new Thai telco]( The new entity aims to raise US$200 million in VC funding to support “promising digital startups” that benefit Thai consumers. [Ninja Van launches PR as a service in Singapore]( The free service includes media release development, influencer management, and event support. [Equality vs. equity: a social experiment]( Are people aware there’s a difference between the two concepts? We ran an experiment to find out. ---------------------------------------------------------------  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! - [AD] [Indonesia Industry Solutions Day]( on March 9 Calling all Indonesian startups! Find out more about how AWS’ cloud solutions can help you unlock new opportunities for digital transformation and innovation at the inaugural Indonesia Industry Solutions Day. The event, which will be held at JW Marriott Hotel in Jakarta, will cover topics such as security, data analytics, and scalability across four key industries: financial services, healthcare, media, and manufacturing. 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