All’s fair in love and logistics?

More: Spenmo’s new CEO resigns after just a month in post. [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: - [Competition heats up in Malaysia’s last-mile delivery sector]( - Bukalapak posts a profit on revenue surge - Other newsy highlights such as Spenmo’s CEO resigning after just a month --------------------------------------------------------------- Hello {NAME} I do a lot of refereeing at the flag American football tournaments I play in and the idea of fairness is always at the front of my mind. There’s nothing worse than feeling like the playing field isn’t even. That’s why I do my best to treat both teams the same way so that no one can say they lost because of me. But I used the phrase “the idea of fairness” for a reason - because there is no such thing as true fairness. Consciously or subconsciously, all referees have biases one way or the other, but what’s key is striving to stay down the middle. I think the leaders of Malaysian logistics firms know it’s next to impossible to ensure completely fair competition. But as today’s premium story examines, they do think regulators could work a bit harder to stay in the middle between them and foreign players. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Battle for Malaysia’s ‘last mile’: local couriers struggle against foreign players]( Homegrown brands are calling for government intervention due to a logistics price war. --------------------------------------------------------------- TRENDING NEWS [New Spenmo CEO resigns after just a month]( Jo-ann Chung, who joined Spenmo in January, will now serve as acting CEO. [Bukalapak posts $40.7m net profit in Q2 as revenue increases 30%]( A major driver for this growth is its marketplace unit, which posted a 74% year-on-year increase in revenue to US$45.3 million. [Airwallex pumps $165m into Singapore entity]( Airwallex Singapore generated US$5.4 million in revenue last year, according to VentureCap Insights. [Capital A partners with UnionDigital Bank for SEA expansion]( The aim is to push the expansion of BigPay, Capital A’s fintech arm, in markets such as Malaysia, Singapore, Thailand, Indonesia, and the Philippines. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [50 rising startups in Southeast Asia]( Which startups are on the path to becoming the next big thing? --------------------------------------------------------------- TECH IN ASIA CONFERENCE 2023 Love (and funding) in the air If you’re a startup that wants to raise funding, it’s time to dress up and meet some investors. Want a quick and simple way to do that? [Sign up for our Speed Dating segment]( at this year’s Tech in Asia Conference. You’ll get 10 minutes to showcase your startup and solutions to top-tier investors so make sure you’ve got everything prepared! ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [AD] [AWS Innovate Online Conference: Data edition]( on August 30 Learning never stops. And in today’s world, neither does data. As such, businesses need to have strong capabilities in things like big data, analytics, and information storage, as well as new tech such as generative AI, to stay at the forefront of tech innovation. The AWS Innovate Online Conference can help with this, as the event has more than 50 sessions dedicated to data, innovation, and generative AI. Click [here]( to sign up. - [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! - [Tech in Asia Conference]( from October 18 to October 19 Do you see the light at the end of this funding winter’s tunnel? We do, and we believe Southeast Asia is that very light. That’s why this year’s Tech in Asia conference’s theme is Southeast Asia: A Bright Spot in the Tech World - signaling how the region can provide hope and guidance for the tech sector amid some troubling times. Hosted in Jakarta from October 18 to October 19, we’re excited to bring you a great lineup of speakers, thought-provoking sessions, and other activities. Click [here]( to get your limited first-release tickets.  - [Tech in Asia’s Founders Meetup: India on August 25]( Do you want a closer look at India’s tech scene? Discover the hidden gems of India’s startup ecosystem at our networking event on August 25 at Byg Brewski (9, 36, 4th Floor, Vaishnavi Sapphire Centre, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeswanthpur, Bengaluru, Karnataka 560022) from 5:30 p.m. to 7:30 p.m. Whether you’re facing roadblocks in funding or talent acquisition, connect with fellow founders and find solutions to your most pressing issues while offering your own expertise. Don’t miss out - [sign up now]( ---------------------------------------------------------------  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]( page](. Our team will get back to you by the next business day. - Kosmo - [Kosmo launches fleet and route optimization platform for local business]( a last-mile delivery optimization company, launches its "Fleet" and "Route Optimization" solution. - 1SK - [Tech startup 1SK aspires to lead the Vietnamese digital healthcare market]( on connectivity and smart devices - AIoHT, 1SK has successfully developed solutions providing seamless health data to enhance health services. - Financie Inc - [Financie Inc. raises a total of JPY 1.5 billion(*$10.8 million) in funding from TIS Inc.]( Financie, Inc has raised additional funds with TIS Inc. as the underwriter. In addition, the two companies have entered into a business alliance. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Live Host Lead / Live Streaming Instructor (WFO) / TikTok]( at Bintango Jakarta, Indonesia - [Technical Project Manager]( at 2359 Media Singapore, Singapore - [Founder Office]( at Finku Jakarta, Indonesia - [Business Development - Marketing Internship]( at EMOS GLOBAL DIGITAL Jakarta, Indonesia - [Branding & Event Manager]( at Lion Parcel Jakarta, Indonesia - [Field Marketing Manager]( at Jiva 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? 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