Southeast Asia: a business haven amid US-China tensions?

More: 2C2P reports its first loss after three years of profitability and GGV Capital divides its business into two firms. [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: - [How Southeast Asia might benefit from US-China tensions]( - BasisAI’s co-founder stepping down from Aicadium - Other newsy highlights such as 2C2P’s first loss in three years and GGV Capital dividing its business into two firms. --------------------------------------------------------------- Hello {NAME} There’s an African saying that goes: “When elephants fight, it is the grass that suffers.” I first heard this saying being used to describe Singapore’s position as a neutral party between the US and China. Whenever either side makes a move against each other, smaller countries like Singapore tend to suffer from the fallout, economically or otherwise. This on-again, off-again relationship between the two world powers has soured in recent years, and one would think that the old adage would apply once more. However, this time might be different. Instead of getting trampled in the fight, Singapore - along with the rest of Southeast Asia - could potentially come out on top. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [The US-China tech rift’s surprising beneficiary: Southeast Asia]( As US investments in China-based quantum, AI, and semiconductor firms face scrutiny, their Southeast Asian peers could have the most to gain. --------------------------------------------------------------- TRENDING NEWS [BasisAI co-founder steps down from Aicadium]( Liu Feng Yuan has joined a new startup called Resaro.ai as partner and vice president of product. [2C2P records $15m loss in 2022 as it invests in employees]( Employee benefits more than doubled compared to 2021, though a company spokesperson told Tech in Asia that it expects to turn a profit in 2023. [A watch list of tech investors caught in the US-China trade war]( GGV Capital split its business into separate firms, following Sequoia Capital. Here’s a list of US- and Europe-based investors who have stakes in China. [Maybe Tony Fernandes should just focus on aviation]( The tycoon’s digital rebranding exercise for AirAsia Super App may have come a little too late. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Japan’s top-funded tech companies in the last decade]( Our automated tracker can help you keep an eye on the funding activities of Japan’s tech firms as they close in on the billion-dollar mark. --------------------------------------------------------------- TECH IN ASIA'S FOUNDERS MEETUP: PHILIPPINES Founders’ real talk: a candid conversation about the Philippines’ startup ecosystem Want to find out what it’s really like to build and scale a startup in the Philippines? We’re excited to have Terence Lee, Tech in Asia’s editor-in-chief, moderate our first-ever panel of the Founders Meetup series, featuring Brian Cu (CEO and co-founder, SariSuki) and Rexy Josh Dorado (president and co-founder, Kumu). On September 27, join us at Weremote Makati Central Square in the heart of Manila to gleam practical insights and connect with fellow founders from the Tech in Asia community. Why navigate the startup journey alone when you can collaborate with others and break through barriers together? Tickets are now on sale at US$12.50 each, inclusive of light bites and drinks. Hurry, seats are limited. [Secure yours before it’s snatched up!]( Special thanks to our official event partners - AWS, CleverTap, Cooley, Oracle, Sinarmas Land, Singapore Global Network (SGN), Quest Ventures, and Purple Quarter - our community partners - WeWork, Gobi Partners, and AHG Lab - as well as our venue host Weremote for making this meetup possible. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [AD] [StartmeupHK Festival]( on November 8 to 17 Many brands like to use “all-in-one” to emphasize their range of offerings . This can be applied to events too - at this year’s StartmeupHK Festival, attendees will get to explore a huge range of topics all in one place such as Web3, healthtech, proptech, greentech, GameFi, and more. Want to find out what else you can expect from this all-in-one event? Visit the StartmeupHK Festival website [here]( to learn more. - [Startup Arena Pitch Battle]( at the Tech in Asia Conference (Apply by September 25) Startup founders, stand a chance to win a US$10,000 cash prize and more! Each finalist will get to pitch live to a panel of investors on the conference’s Main Stage and get a complimentary Startup Factory booth to showcase their startup. Finalists not based in Indonesia will also receive up to a US$1000 travel stipend. Apply [here](.  - [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: Philippines on September 27]( Engage in a real talk with founders at our first-ever panel of the Founders Meetup series on September 27. Moderated by Tech in Asia editor-in-chief Terence Lee, this session invites you to hear from Brian Cu (CEO and co-founder, SariSuki) and Rexy Josh Dorado (president and co-founder, Kumu) as they discuss the real side of kickstarting and scaling a startup in the Philippines. Get a ticket to join us at Weremote Makati Central Square (2nd Floor, Makati Cinema Square, Chino Roces Ave, Legazpi Village, Makati, Metro Manila) from 5:30 p.m. to 7:30 p.m. Avoid FOMO and [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. - MediaX Agency - [Earn Alliance Launches the Biggest Web3 Game Mint Marathon: Over 40,000 Free NFTs Featuring 16 Games from Binance, Polygon, and Immutable]( Earn Alliance, the largest web3 game aggregator and discoverability platform, is excited to announce the first-of-its-kind Mint Marathon event. - NEAR Foundation for Cosmose AI - [Cosmose AI, valued at $500 million, unveils KAIKAINOW: A new innovation in personalised smartphone lock screen technology]( User engagement with lock screen content is rewarded with KAI-CHING (KAIC), Cosmose AI’s token, which is integrated with KAIKAINOW built on NEAR. - Huawei - [Huawei and CAICT jointly launch Xinghe Network White Paper, propelling rapid development of AI industry]( Huawei Xinghe Network White Paper delves into the development trends, network architecture, and key technological innovations of AI services. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [IT Network and Support (OpenWay)]( at Dealls Jakarta, Indonesia - [Java Developer]( at SIGMATECH Jakarta, Indonesia - [Network & Data Center Operation]( at GTech Digital Asia Jakarta, Indonesia - [Admin Purchasing]( at Qualita Company Banten, Indonesia - [Young Professionals Fast Track]( at Scout.inc Jakarta, Indonesia - [Backend Engineer (Golang)]( at Jubelio Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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