Can Line Man Wongnai match up to Grab?

More: The US$3 million pre-series A of an Indian EV startup and Foxconn’s latest move to improve autonomous driving [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: - [Line Man Wongnai’s credentials in the Thailand food delivery arena]( - Cainiao’s filing for its planned Hong Kong Stock Exchange IPO - Other newsy highlights such as the US$3 million pre-series A round of an ex-Tesla employee’s EV startup and Foxconn’s latest collaboration to improve self-driving cars --------------------------------------------------------------- Hello {NAME} As a kid, it was really straightforward when it came to picking the sports teams to support - just go with whoever’s winning. In European football, that was Manchester United. In basketball, that would’ve been the LA Lakers. As I grew up and developed my own values, I came to have more nuanced reasons for liking teams. Maybe it’s a team that’s up and coming, growing in a sustainable way, such as the likes of the Premier League’s Brighton and Hove Albion or the Leicester City of a few years ago. Maybe it’s because the team has a humble superstar leading it, like Dirk Nowitzki on the Dallas Mavericks in the NBA. Or maybe it’s a fallen giant that has the potential to become great again, like Tokyo Verdy of the J-League. Point is, it’s just not as fun or meaningful to just go with whoever’s already on top, at least to me. Today’s premium story focuses on Line Man Wongnai and what it’s doing to battle Grab, the current leader of food delivery in Thailand. If nothing else, a credible rivalry leads to better offers for consumers, so it’ll be interesting to see how it all plays out. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Line Man Wongnai looks beyond food delivery in quest to become the GoTo of Thailand]( Recent acquisitions are paving the way for the company to IPO in 2025. --------------------------------------------------------------- TRENDING NEWS [Alibaba logistics unit Cainiao files for HK listing]( According to the filing, Cainiao generated US$10.7 billion in revenue in FY 2023, up 16.4% compared to the same year-ago period. [Ex-Tesla exec’s EV startup charges ahead with $3m funding]( Raptee said it is the first Indian EV startup to opt for the CCS2 connectors, which expedites the charging process. [Foxconn teams up with US AI startup to speed up autonomous driving]( San Diego-based Kneron is working on an AI chip that would make image-based processing more accurate. [Temasek-backed venture builder co-leads $16m round of Automera]( The Singapore-based startup uses tech related to autophagy, the body’s natural way of cleaning out damaged cells, to remove disease-related proteins. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [The players pushing the Philippines into the SEA fintech spotlight]( GCash and Maya are the dominant players in the country’s payments sector, having secured the highest capital among fintech firms. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over 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. ---------------------------------------------------------------  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](. - [Business Development Manager]( at StyleDoubler Jakarta, Indonesia - [Business Development Manager]( at Workmate Jakarta, Indonesia - [Senior Software Engineer (Develab)]( at Dealls Jakarta, Indonesia - [IT Security]( at Moonlay Technology Jakarta, Indonesia - [Web Developer]( at Scout.inc Jakarta, Indonesia - [Mobile Flutter Developer - Banking]( at SIGMATECH Tangerang, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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