Build, buy, or do both? TikTok Shop’s logistics dilemma

More: PropertyGuru closes two business units. [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: - [TikTok Shop’s logistics dilemma]( - A SoftBank subsidiary’s plans to list on the Nasdaq - Other newsy highlights such as the closure of two business units at PropertyGuru --------------------------------------------------------------- Hello {NAME} One of my goals for 2023 is to curb impulse spending. That’s already pretty challenging for someone who doesn’t really have a brain-to-checkout filter and relies a lot on retail therapy. But it’s gotten even harder with the arrival of TikTok Shop in Singapore. There’s something about seeing an influencer model a bag in a video and then clicking on a link to purchase it - all without leaving the platform. It’s so easy to buy something without thinking twice. I’ve held out pretty well so far: I haven’t bought anything on TikTok Shop yet, but it may only be a matter of time. Anyway, as TikTok Shop expands in Southeast Asia and continues to tempt many people like me, it has to consider another piece of the ecommerce puzzle: logistics. My colleague Jofie goes into this in today’s premium story. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [To build or not to build: TikTok Shop’s logistics dilemma]( Top ecommerce players in Southeast Asia have in-house logistics for both last-mile delivery and fulfillment. Should TikTok Shop follow suit? --------------------------------------------------------------- TRENDING NEWS [SoftBank’s Arm files for Nasdaq listing]( It was previously reported that SoftBank is aiming for a valuation of US$60 billion to US$70 billion for Arm. [PropertyGuru shutters Rumah in Indonesia, SaaS offering FastKey]( Its group CEO Hari Krishnan said 61 Rumah employees were laid off as part of the decision. [TikTok Shop to capture 13.2% of SEA ecommerce market share: report]( The short-video app’s ecommerce arm is on track to reach its US$15 billion GMV target in 2023, according to a study from Momentum Works. [Byju’s senior VP leaves to lead US software firm]( Cherian Thomas was also the CEO of Osmo, an edtech startup Byju’s acquired in 2019 for US$120 million. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [GoTo Group’s financial health in 4 charts]( We analyze the financial figures reported by GoTo Group, Indonesia's most valuable tech company. --------------------------------------------------------------- TECH IN ASIA X CLEVERTAP Ignite your customer engagement efforts with hyper-personalization In the noisy digital world, standing out is essential. With rapidly advancing technology taking center stage, brands now have unprecedented opportunities to reinvent their engagement strategies to cut through the clutter and proactively improve retention. 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