GoTo performs addition by subtraction

More: Udaan lays off over 100 people after scoring US$340 million in funding. [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: - [Why the TikTok-Tokopedia deal takes the pressure off GoTo and heaps it on Shopee]( - Delivery Hero closes tech hubs, cuts workforce in search of efficiencies - The hidden alliances between Southeast Asia's VCs - Other newsy highlights such as Indian B2B trade platform Udaan announcing layoffs days after receiving funding --------------------------------------------------------------- Hello {NAME} The phrase “addition by subtraction” may sound like the type of nonsense only spouted in the world of sports, but I think it’s applicable in all parts of life. Just as in a football team, if you remove a malcontent who’s lowering morale in a software development team, the performance of those left behind should improve. Or look at something as simple as cash. Now that many societies have essentially removed it in favor of card payments or apps, life is a tiny bit more convenient for most people, who now don’t have to carry cash everywhere they go. Some analysts reckon that GoTo’s deal to sell a controlling stake in Tokopedia to TikTok may be another example of addition by subtraction for the Indonesian tech giant. Though it’s not as good news for Shopee. -- Peter  ---------------------------------------------------------------  THE BIG STORY [TikTok partnership reduces GoTo’s burden, pressures Sea: analysts]( Analysts also ask if this deal is good for GoTo in the long run. --------------------------------------------------------------- TRENDING NEWS [Indian B2B unicorn Udaan sacks at least 100 employees]( The ecommerce platform raised US$340 million in series E money last week. [Delivery Hero trims Berlin workforce, closes Taipei, Istanbul tech hubs]( The move is part of its restructuring plans to boost efficiency and pursue long-term growth, according to an internal email seen by Tech in Asia. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [The hidden alliances between Southeast Asia’s VCs, uncovered]( We've visualized an intricate web of relationships among Southeast Asia’s VCs, using deal data in the past two years. ---------------------------------------------------------------  IN PARTNERSHIP WITH Making convenience affordable Cost is a huge factor in determining the types of Grab services a customer chooses and when they use them. As such, the tech and product teams of the Nasdaq-listed super app have worked to develop new services and features to address the need for affordable solutions. Its latest offerings - which include enhanced group orders and car-sharing services - encompass both its food delivery and ride-hailing segments. These efforts help make Grab’s services more accessible to consumers in Southeast Asia while ensuring a fair income for drivers. [Learn more]( about these features on Grab’s blog. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [The Future of MarTech: Trends Shaping 2024 and Beyond on January 16]( On January 16, senior marketing, product and growth leaders in Singapore are invited to kickstart the year at The Future of MarTech: Trends Shaping 2024 and Beyond, an executive roundtable and networking lunch. Limited to just 15 guests. [Full details & registration here!]( ---------------------------------------------------------------  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. - Frends - [Frends Appoints Vincent Ooi as New Head of APAC, Building on ASEAN Success]( Frends appoints Vincent Ooi as Head of APAC, expanding its European iPaaS reach in the region - GoTo Group - [GoTo becomes the first Indonesian public company to receive validation from the Science-Based Targets initiative on its net-zero target]( GoTo Group is the first Indonesian public company to have its greenhouse gas reduction targets validated by the Science Based Targets initiative (SBTi). The approved three targets which include reaching net-zero emissions by 2050. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Software Engineer - Indonesia (Jakarta)]( at Coffeee.io Jakarta, Indonesia - [Senior UI/UX Designer]( at Pintar Ventura Group Jakarta, Indonesia - [Data Engineer Intern]( at Aruna Jakarta, Indonesia - [Account Executive & Business Development]( at Indi Technology Jakarta, Indonesia - [Transaction & Recounciliation]( at Scout.inc Jakarta, Indonesia - [Motion Graphic Lecturer]( at Purwadhika Digital Technology School 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. Sponsorship has no influence on editorial content. Too many emails? 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