Why Indonesia's startups need to pay attention to Gen Z

More: We explore how Gen Z will impact the Indonesian market and look at a Vietnamese startup that’s tackling plastic pollution. [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](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we look at: - [Gen Z in the Indonesian market]( - A startup that’s using biowaste to tackle plastic pollution - Other newsy highlights such as JD.com’s Q1 financials and Flash Coffee’s latest fundraise --------------------------------------------------------------- Hello {NAME} As some of you may know, we here at Tech in Asia have been trying our hand at [making TikTok videos](. A running joke among the team is that this entire affair is basically “a bunch of millennials trying to masquerade as Gen Z,” which is … not untrue, honestly. I literally masqueraded as one in [this particular video](. We’re keenly aware that Gen Z is going to be the next big market for brands everywhere. The next batch of founders, investors, and business leaders are going to come from this generation, and we want them to know of Tech in Asia and what we do as they come of age and enter the workforce. So what better way than to meet them on a platform where they’re at? Being able to connect with this new generation will be essential to the longevity of brands on the road ahead. This is especially true in Indonesia, where Gen Z constitutes 28% of the total population, making them the country’s largest generation. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Gen Z: the new force in the Indonesian market]( Gen Z is just starting to enter the workforce. But in a few years’ time, the entire generation will be of working age in Indonesia. --------------------------------------------------------------- TRENDING NEWS [VN startup Buyo wants to use biowaste to tackle the plastic crisis]( The company has raised new funding to manufacture and roll out its biodegradable plastics. [JD.com stays profitable in Q1, names new CEO]( The Chinese ecommerce major announced that CEO Lei Xu will step down from his position in June. [Flash Coffee closes $50m funding, targets profitability by 2024]( The company said its 92 stores in Indonesia are already profitable, and it aims to expand deeper in the country. [Indonesia’s UangTeman under scrutiny over alleged tax evasion]( The company also owes around 100 former employees their salaries since December 2020, a source tells Tech in Asia. ---------------------------------------------------------------  LISTICLE OF THE DAY [20 largest exits in Indonesia]( Here's our regularly updated list of the biggest startup exits in Indonesia. ---------------------------------------------------------------  TECH IN ASIA'S PRODUCT DEVELOPMENT CONFERENCE 2023 Don't miss out on the chance to connect with our conference partners! No company is an island, and no conference is possible without great sponsors. For Product Development Conference 2023, Tech in Asia teamed up with awesome partners, and we’re grateful for their support. [Grab your tickets here]( and keep an eye out for their sessions at PDC, alongside some great content that we’ve got coming up. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this form](. Our team will get back to you by the next business day. - Affyn - [The Sandbox Partners with Affyn to Enhance Metaverse Experiences]( The Sandbox and Affyn to work together in creating and pushing the boundaries of interoperability within the open metaverses - Ayasan - [Introducing the Future of Maid-Service: AyasanGPT – AI-Powered Maid Matching Platform]( Ayasan Service has launched "AyasanGPT," an AI-driven platform for matching users with maids using ChatGPT technology - BingX - [BingX Leads the Way in Crypto Copy Trading: Follow Elite Traders for Profits]( Singapore-based BingX leads crypto copy trading trend - Mason - [Mason: The AI Shopping Copilot connecting brands to shoppers in Asia & worldwide]( Mason is an AI Shopping Copilot accelerating online sales across channels — for global brands & retailers - Techbros - [Held Successfully, Techbros Group Supports Hannover Messe 2023]( From being a speaker to participating in the signing of the Germany-Indonesia MoU, Techbros enlivens Hannover Messe 2023  ---------------------------------------------------------------  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]( to get 40% off (get additional discounts exclusively for TIA subscribers)! - [Tech in Asia’s Founders Meetup: Malaysia on May 23]( Our networking event, Founders Meetup: Malaysia, is happening in Kuala Lumpur on May 23 at WIP on the Park at Marc Residence. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Associate Project Manager (Nextbyte)]( at Dealls Jakarta, Indonesia - [Business System Analyst]( at AOne Petaling Jaya, Malaysia - [Sales representative - Remote]( at Tomoru Surabaya, Indonesia - [Tech Lead Golang]( at Gulf Test Jakarta, Indonesia - [IT Project Administrator (Librarian)]( at Moonlay Technology Jakarta, Indonesia - [Public Relations Manager (Chinese Speaker)]( at Flash Express Bangkok, Thailand [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. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? 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