Can Carsome and Carro go the distance in Malaysia?

More: VinFast signs deals with five Indonesian dealers. [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: - [A license with huge potential]( for Carsome and Carro - Singapore’s plan to invest US$742 million into AI development - Other newsy highlights such as VinFast’s new deals in Indonesia --------------------------------------------------------------- Hello {NAME} I’ve always found this idea that governments usually have a “monopoly on violence” really interesting. The word “monopoly” tends to be used within business contexts, but in this case it refers to how governments are typically the only legitimate wielder of violence in a country, which manifests through law enforcement. It speaks to how many aspects of our daily lives and experiences are gated behind a government’s control. Violence, after all, is something that every person is capable of. Sometimes we feel inclined to it, but in some cases the only thing stopping those extreme emotions from boiling over is the deterrence of the punishment that would follow suit. In a similar vein, one of the ways that government control manifests is through licenses. After the government decides what is and isn’t permissible, licenses serve as a stamp of approval for the public and companies to continue with certain operations. In Malaysia, there’s one particular license that used-car marketplaces Carsome and MyTukar - the local unit of Carro - are vying for. Let’s take a look at their chances of winning it. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Carsome, Carro are lobbying for a “golden goose” but winning it is tricky]( The used-car platforms will have to beat Malaysian government-linked companies and royalty to snag a vehicle inspection license. --------------------------------------------------------------- TRENDING NEWS [Singapore bolsters AI ambitions with $1b investment]( The plan, announced by Deputy Prime Minister Lawrence Wong, involves boosting Singapore’s local talent pool and securing access to chips for AI tasks. [VinFast inks deal with 5 Indonesian dealers]( They are set to offer four models from VinFast’s lineup, with sales slated to open later this year. ---------------------------------------------------------------  SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE Calling all startups - showcase your tech at our exhibition space! Are you an early-stage startup founder looking to tell the world about your latest innovations and connect with hundreds of tech professionals? By popular demand, we’re bringing our revamped signature trade show, Startup Showcase, to Saigon Summit. This is your chance to put your brand firmly on the map and get the eyeballs of potential investors and business partners! Along with a dedicated space to set up your product, Startup Showcase participants will receive two tickets to Saigon Summit as well as an exclusive promo code for additional ticket purchases. You’ll also get your company logos featured in the Participating Startups section of our event website and receive a lot more perks. [Apply to exhibit here]( before slots run out! ---------------------------------------------------------------  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. - Newsroom Solutions Sdn Bhd - [publiCT.io Achieves Remarkable Double-Digit Year-on-Year Growth in 2023]( Malaysian based PR Tech startup announces an impressive 85% year-on-year growth ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Israel’s top-funded tech companies in the last decade]( Which companies will emerge as the country's next tech bigwigs? A look at the players bringing in the most funds may help you figure it out. ---------------------------------------------------------------  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]( you a startup founder looking for fundraising opportunities? Get dressed and perfect your pitch for Investor Hour, where your next big backer could be waiting. Say goodbye to the endless search for investors and hello to focused networking! Ready to meet your match? Secure your spot in three simple steps: * Grab your Saigon Summit ticket [here]( * Keep your ticket number handy * Click [here]( to register for Investor Hour ---------------------------------------------------------------  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](. - [Account Manager (ID)]( at Tech in Asia Jakarta, Indonesia - [Customer & Data Support]( at TurnkeyID Bandung, Java, Indonesia - [Financial Assistant]( at Confidential Mode Jakarta, Indonesia - [Data Analyst Intern]( at Qiscus Yogyakarta, Indonesia - [Human Resources Intern]( at Scout.inc Tangerang, Indonesia - [Channel Admin Ops]( at Hangry 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? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2024 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894