Is a comeback story in the cards for TikTok Shop in Indonesia?

More: Take a look at the biggest angel investment networks in Asia. [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: - [Whether TikTok Shop can return from the dead in Indonesia]( - The top 20 angel investment networks in Asia --------------------------------------------------------------- Hello {NAME} Remember the Thanos snap from Avengers: Infinity War a couple of years ago? I watched the movie in the cinema on opening night and couldn’t believe what I saw. It was the first time we saw the Marvel Cinematic Universe’s protagonists not only lose but lose hard. I like to think the film is this generation’s Empire Strikes Back. I remember the stillness around me as characters like Spiderman and Groot got “dusted.” It was like being deep underwater: An invisible pressure enveloped the theatre as people fell deathly silent as if it were impossible to make any noise at all, not even a squeak. Of course, we all know who won in the end. Marvel’s heroes came back stronger than ever and set things right - but not without some tearful sacrifices along the way. In the real world, many are wondering whether TikTok Shop could pull off a similar win in Indonesia after it was abruptly “snapped” by new regulations prohibiting ecommerce transactions on social media platforms. The ban is aimed at protecting local merchants from what the government says are monopolistic practices and predatory pricing, among other issues. Each side probably has its own view and way of handling the situation. Let’s look at how TikTok is assembling the building blocks of a potential comeback. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Anatomy of a comeback: Can TikTok resurrect its ecommerce biz in Indonesia?]( Questions around TikTok Shop’s prospects of returning to its largest market in Southeast Asia continue to abound. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [20 top angel investment networks in Asia]( Here’s our regularly updated list of Asia’s top angel investment networks. --------------------------------------------------------------- TECH IN ASIA’S REGIONAL FOUNDERS MEETUP: VIETNAM By popular demand - RFM returns to HCMC! HCMC-based founders! We’re holding another Founders Meetup on November 30 at the Hive Villa. Don’t miss this opportunity to build your network and connect with your fellow founders - all over a couple of complimentary refreshments! Plus, we’re holding a fireside chat with Bryan Pelz, co-founder of VNG and Bootloader Studio. Pelz will share insights from his 30 years of experience in the gaming, media, and AI industries, having built 11 companies along the way. Moderated by Tech in Asia engagement editor Peter Cowan, the fireside chat will dig deep into the realities of building and scaling a successful startup in Vietnam. [Get your tickets now]( before they run out! Special thanks to our event partners - AppWorks, AWS, CleverTap, Cooley, Sinarmas Land, Singapore Global Network (SGN), Quest Ventures, and Purple Quarter - as well as our venue host, the Hive Villa. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on November 30]( We’re making our way back to Ho Chi Minh City on November 30 for our tenth Founders Meetup! Get a glimpse of the startup journey of Bryan Pelz, the co-founder of VNG and Bootloader Studio. Hear what he and Peter Cowan, Tech in Asia’s engagement editor, have to say about what it’s like to build and scale a startup in Vietnam. Plus, exchange ideas and tips with your fellow founders on how to navigate your own startup journey. Don’t miss out! Join us at the Hive Villa (29 Nguyễn Bá Lân, Thảo Điền, Quận 2, Thà nh phố Hồ Chí Minh 713385, Vietnam) on November 30 from 6:30 p.m. to 8:30 p.m. (GMT+7). Hurry, tickets are selling like hotcakes - [RSVP now before they’re all sold out](  - [Tech in Asia’s Regional Founders Meetup: Singapore on December 5]( Calling all Singapore-based founders! We’re concluding this year’s Regional Founders Meetup event series at the Lion City, where it all began. As Tech in Asia gears up for its next adventure with SPH Media, our founder and CEO Willis Wee will share his startup journey and give insights on what it takes to pull off an M&A deal in a fireside chat moderated by our COO Maria Li. Join us at Mortar & Pestle (269 South Bridge Rd, Level 4, Singapore 058818) on December 5 from 6:00 p.m. to 8:00 p.m. (SGT) to connect with fellow founders and end the year with a bang. Hurry, tickets are selling like hotcakes - [RSVP now before they run out]( Note: This event is closed-door and strictly off the record - no media buzz, please! While Willis and Maria will share as much about the M&A deal as possible, confidential terms will not be disclosed. ---------------------------------------------------------------  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. - Augmentus - [Augmentus Raises Oversubscribed USD 5M Series A Round to Bring No-Code Robotics to the World]( Augmentus pioneers intelligent, no-code computer vision and robot motion planning, enabling industrial robot programming in minutes instead of days. - NeuAlgo - [NeuAlgo’s SD-MBS Revolutionizes AI-Enhanced Content Delivery]( NeuAlgo's CEO announced a milestone in AI-optimized content delivery with the SD-MBS framework. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Tax Specialist]( at Pintar Ventura Group IDR 7,000,000 – 10,000,000 - [Digital Marketing Supervisor]( at Little Joy Indonesia IDR 7,000,000 – 8,500,000 - [Senior IT Business Analyst (Develab)]( at Dealls IDR 30,000,000 – 49,000,000 - [Full Stack Developer (Junior to Mid-level)]( at Ack Tech IDR 6 – 15 - [APP CRM INTERN]( at Scout.inc IDR 2,000,000 - [Procurement]( at Female Daily Network [ADVERTISE]( | [SUBSCRIBE]( P.S. 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