Can Shopee and Lazada fill the TikTok Shop-shaped void?

More: Ola Electric’s latest fundraise and Mesh Bio’s regulatory approval. [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: - [The void TikTok Shop left behind in Southeast Asia]( - A car-sharing platform that’s closed a new funding round - Other newsy highlights such as Ola Electric’s latest fundraise and a medtech firm in Singapore that got regulatory approval for its device. --------------------------------------------------------------- Hello {NAME} Have you ever watched anything on Shopee Live or LazLive? Personally, I’ve never checked out livestreams on these platforms - in my head, these ecommerce apps are for shopping, full stop. That’s where TikTok and TikTok Shop seem to be game-changing. I could watch the stream of a creator I like, see them promoting a product that I find quite cool, and immediately buy the item, all without ever leaving the app. I’ve yet to actually make a purchase via TikTok Shop, but I’m sure it’s only a matter of time. TikTok Shop’s ambitions in Southeast Asia may have taken a hit, especially with ecommerce transactions over social media platforms getting banned in Indonesia. But in my opinion, its story in the region has only just begun. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Shopee, Lazada may struggle to fill void left by TikTok Shop]( TikTok must also decide whether Southeast Asia's political dynamics is worth the commitment. --------------------------------------------------------------- TRENDING NEWS [SG car-sharing platform banks $5m in ComfortDelGro-led round]( ComfortDelGro Australia will also provide up to 3,000 vehicles for Drive Mate, which is Drive Lah’s brand in the country. [How Hong Kong’s tech hub status can expand beyond Asia Pacific]( It’s already established a firm position within the region – what’s next? [Bukalapak posts 29% increase in revenue, on track for profitability by year-end]( Once that milestone is achieved, the ecommerce major will focus on consistently growing its profits in the next two years. [J&T Express raises $451m in Hong Kong listing]( This marks the second-largest public offering in the Hong Kong Stock Exchange this year. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: Temasek-led bet on Ola Electric pushes EV firm to the top]( Keep track of all the startup investment activities in Asia through our weekly funding list. --------------------------------------------------------------- CONVENE AND CONNECT Get a ticket to this exclusive gathering on November 16 to think outside the box A key element of successful businesses is the ability to continuously pave a path toward growth and profitability amid changing market trends. Though scaling typically happens behind the scenes, it's crucial for decision-makers to consider best practices and to get creative on how to improve and gain recognition for their work on this process. Keen to find out how it’s done? Get it straight from senior business leaders, talent managers, and founders at Brushstrokes to Success: Design a Solid Growth Plan for 2024, an exclusive gathering co-hosted by Tech in Asia and G-P at Bridge+ on November 16. Gain and exchange insights with our panelists from Aspire, 2C2P, and G-P in an open Q&A session. Over light bites and drinks, we’ll also go through an exciting agenda of quizzes, modern calligraphy, panel discussions, and more. Don’t miss this opportunity to revolutionize existing strategies and to elevate your decision-making abilities. [Get a ticket]( to this closed-door event now before they’re all snatched up! ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [AD] [Sip ‘n’ Discuss Sunset: Exclusive Event for Succesful Marketing Leaders]( on 23 November Join SpinX for a fun yet exclusive after-work Thursday sunset session full of marketing wisdom and poolside drinks, tailor-made for marketing leaders. Click [here](  - [AD] [StartmeupHK Festival]( on November 8 to 17 Sometimes, it feels like speakers at conferences and events are just like superstars. With all the insights and anecdotes they offer, it can be easy to get a little starstruck. This year’s StartmeupHK Festival features a star-studded lineup of speakers. These include Ariel Shtarkman, managing partner and co-founder of Undivided Ventures; Yat Siu, co-founder and executive chairman of Animoca Brands; Henry Soediarko, director of Milltrust International Group; Christoph Meyer, general manager of Hong Kong, South China, and Macau for the Lufthansa Group; and Zhou Jingren, CTO of Alibaba Cloud. Excited to hear what they have to say? Get your tickets [here](.  - [Tech in Asia x Airwallex - Exclusive Mixer]( Mingle with APAC's Payment and Growth Leaders on November 14 Meet and connect with your peers at Exclusive Mixer: Mingle with APAC's Payment and Growth Leaders, an invite-only networking event on November 14 co-hosted by Tech in Asia and Airwallex. This isn’t your run-off-the-mill corporate event. It’s a gathering of forward-thinkers across Asia Pacific and anyone eager to discover best practices in optimizing and streamlining payment journeys at scale. Grab drinks and light bites while soaking up Singapore’s cityscapes from Honcho’s rooftop bar as you mingle. Come hang out and unwind at this relaxed and casual mixer - all refreshments are on the house [Get your ticket]( to this closed-door event and build lasting connections. Slots are limited so secure yours NOW!  - [Brushstrokes to Success]( Design a Solid Growth Plan for 2024 on November 16 Join senior business leaders and decision-makers at the upcoming “Brushstrokes to Success: Design a Solid Growth Plan for 2024.” Co-hosted by Tech in Asia and G-P, this exclusive event will be held at Bridge+ on November 16. This goes beyond the typical corporate gathering by providing a space where forward thinkers can challenge themselves and explore best practices for scaling businesses from creative and analytical perspectives. Gain and exchange insights with our panelists from Aspire, 2C2P, and G-P in an open Q&A session. Over light bites and drinks, we’ll also go through an exciting agenda that includes quizzes, modern calligraphy, networking and more. Don’t miss this opportunity to revolutionize your business approach and make meaningful connections. [Get your tickets for this closed-door event NOW]( before they’re all snatched up! ---------------------------------------------------------------  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. - Agate - [Level Up powered by Agate Shares Strategies to Improve Business Performance Through Gamification Adoption]( Level Up powered by Agate highlights 2024 gamification trends, boosting business engagement by 30% for improved performance.  - BeTagged - [What’s next after the ban on TikTok Shop in Indonesia? Enter InCom]( TikTok Shop ban in Indonesia will pave the way for new solutions to fill the gap like the recently launched Influencer commerce marketplace, InCom. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Project Manager (Dealls (YC W22))]( at Dealls Jakarta, Indonesia - [International Businesss Development Manager]( at FOOM Lab Global Jakarta, Indonesia - [Human Capital Generalist]( at TLab Yogyakarta, Indonesia - [Software Engineer]( at PT. Bawana Margatama Jakarta, Indonesia - [Social Media Intern]( at Scout.inc Jakarta, Indonesia - [Warehouse Fulfillment Staff]( at Female Daily Network 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. 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