Is TikTok Shop poised to take over Indonesia?

More: Why AI will empower and not replace developers. [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 spotlight: - [Whether TikTok Shop has what it takes in Indonesia]( - The delays in Byju’s 2022 financial statements - Other newsy highlights such as why AI will empower and not replace developers --------------------------------------------------------------- Hello {NAME} I recently started listening to this Japanese singer called Yuuri, thanks to a good friend who first shared one of his songs called [Dry Flower]( with me. This guy just doesn’t miss. With songs like [Betelgeuse]( and [Leo]( it amazes me that I haven’t heard of this singer up until now. It’s interesting to me because even though I listen to a fairly large range of music genres, learning about Yuuri helped me realize that there’s so many niches and smaller artists out there with ridiculously good songs and amazing voices, just that they’ve been relatively isolated for one reason or another. In many cases, it can take a while before these lesser-known artists get big. Perhaps they need time for word of mouth to spread or just one big, lucky break. But once they do and you find out about them, it can be so refreshing. Today’s story examines a similar situation. While TikTok itself is a veritable behemoth, its ecommerce platform TikTok Shop is a relatively small player in the Indonesian ecommerce market. Will it get the breakthrough it needs? -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Can TikTok Shop catch up with Shopee, Tokopedia in Indonesia?]( TikTok Shop is growing rapidly in Southeast Asia, particularly in Indonesia, where it captured 5% of the country's ecommerce market share last year. --------------------------------------------------------------- TRENDING NEWS [Inflection Point Ventures logs 160% return for investors in 2022]( The India-based angel investment platform backed around 55 startup deals last year. [Why AI will empower and not replace developers]( While the rise of generative AI platforms has led some to fear for their jobs, the new tech may just shift how developers are empowered by businesses. [Are your crypto lenses rose-tinted? Try our little game to find out!]( Still holding out belief in the crypto space, or just hodl? Take on our choose-your-own-adventure game and get past the crypto guardian! [Sunrate wins Aramco, SoftBank Ventures backing to bolster B2B payments]( The Singapore-based firm plans to use the funds raised to expand its products and services, and to enter new markets such as the Middle East. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Want your startup to be acquired? Series A is the most likely time]( Pre-seed is also a common time for some industries, but overall, few startups tend to be acquired after series D. ---------------------------------------------------------------  SYNC 2023: CLIMATE TECH  Reimagine sustainable innovation and tap into climate tech’s investment potential SYNC is back this year with a first-of-its-kind gathering that spotlights Asia’s climate tech leaders. Mark your calendar for August 21, 2023 and join us at the iconic Gardens by the Bay in Singapore for our annual tech summit. At this invite-only event, you can explore the vast potential of climate tech, a thriving field that showcases innovation and lucrative opportunities. You’ll also get to meet cutting-edge startups and connect with inspiring investors to propel your business forward. Find out more about SYNC 2023: Climate Tech and apply for your invitation [here](. Early bird tickets are available for a limited time - sign up now and secure your place among the chosen few! ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Thailand on July 26]( Want to be where Thailand’s founders converge? Join us at our networking event, which will be held on July 26 at theCOMMONS, Thonglor, 335/1 Sukhumvit 55 Klongton Nua, Wattana, Bangkok 10110 from 5:30 p.m. to 7:30 p.m. - [SYNC 2023: Climate Tech on August 21]( Do you want to make a positive impact on the fight against climate change? Join SYNC 2023 on August 21 at Singapore's green haven, Gardens by the Bay, to learn more about sustainable innovation and eco-friendly practices. Besides spotlighting climate tech via this invite-only event, Tech in Asia is committed to reducing our carbon footprint. Be part of this movement towards a sustainable future - send in your application for a SYNC 2023 ticket today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Product Owner]( at Koltiva Jakarta, Indonesia - [Observability Engineer (NOC)]( at Dropsuite Bandung, Java, Indonesia - [Tax and Payroll Compliance Specialist]( at Hangry Jakarta, Indonesia - [Human Resource Officer]( at GTech Digital Asia Jakarta, Indonesia - [Fulfillment Manager]( at SCI Ecommerce Jakarta, Indonesia - [Finance & Accounting Officer (For MCM)]( at PT Merah Cipta Media 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. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. 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