Here’s why Blibli’s shares are up when everyone else’s are down

More: GoTo denies rumors of merger talks with Grab, and Singtel Innov8 sells its Vizzio shares back. [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 Blibli [is outperforming]( GoTo and Bukalapak on the stock market - GoTo denying rumors of merger talks with Grab - Other newsy highlights such as Singtel Innov8 selling its shares in Vizzio back to the startup’s embattled founder --------------------------------------------------------------- Hello {NAME} Do you invest in stocks? I haven’t gotten to that part of my investing journey yet, but some of my friends have. There was a time when tech stocks were especially exciting, and as a result, I know folks who have bought shares in tech companies like Google, Facebook, and even regional firms like Grab and Sea Group. As far as I can tell, investing in tech seems to be something of a rollercoaster ride. The outcome is oftentimes affected by factors outside of one’s control, like some bigshot across the world decided that the tech is problematic or something. It seems pretty stressful. In today’s premium story, we look at an Indonesian tech company that has seen its share price go up in a time when its peers are down. Blibli may not be a big player in Indonesia’s ecommerce scene, but its stock market performance shouldn’t be overlooked. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Why Blibli’s shares are outperforming GoTo, Bukalapak stocks]( One advantage the company has is a reputation for stability, as most of its shares are held by conglomerate Djarum Group. --------------------------------------------------------------- TRENDING NEWS [Singtel Innov8 sells entire stake in Vizzio to embattled founder]( Filings show that the transaction also removes the US$740,000 in paid-up share capital that Singtel Innov8 injected into Vizzio. [GoTo denies rumors on potential Grab merger deal]( The two firms have reportedly revived merger talks, but GoTo shot down the rumor in a filing with the Indonesia Stock Exchange. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Saigon Summit 2024: Charting Vietnam’s Tech Future on May 30]( Connect with over 700 regional tech talents at Saigon Summit 2024, Tech in Asia’s largest-ever event in Vietnam. The summit offers an unparalleled fusion of cultural immersion, expert learning, and bespoke networking opportunities, all aimed at nurturing the undeniable potential of Southeast Asia’s next tech hotspot. Grab your tickets before February 25 to save a whopping 60% with our [early bird special]( - while stocks last! ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Indonesia’s top-funded tech companies in the last decade]( Which companies in the country are getting the lion’s share of investments? This automated tracker will help you stay up to date. ---------------------------------------------------------------  CONFERENCE LINEUP Check out Tech in Asia’s other signature events lineup for 2024 [here](. - [Product Development Conference (June 2024)]( Gain insights from industry leaders, explore current trends, and learn best practices at our Product Development Conference in mid-2024. Sign up as early as now to get special rates for this two-day event in Jakarta. - [Tech in Asia Conference Kuala Lumpur 2024 (July 2024)]( For the first time ever, Tech in Asia Conference is coming to Kuala Lumpur! Join us in July as tech enthusiasts and industry experts across Southeast Asia get together for the region’s largest tech gathering. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [SOC Manager]( at Juke Solutions Jakarta, Indonesia - [Chief of Staff]( at Propseller Singapore, Singapore - [User and Engagement Officer (Training)]( at Koltiva Jakarta, Indonesia - [Legal Officer]( at PT Xapiens Teknologi Indonesia Tangerang, Indonesia - [Operations Support]( at Scout.inc Yogyakarta, Indonesia - [Product Designer Intern]( at Moladin Digital Indonesia 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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