Sea says it will add over 2,000 jobs in Malaysia
Accordingly, Sea plans to open a global cloud computing centre and a new warehouse for Shopee in Malaysia; It also looks to set up cloud services and data hosting and processing in the country.
Can Chinese VCs be a potential wild card for SEA during funding winter?
China’s matured economy and willingness to invest in the region could make it a major player in SEA startup funding in 2023, says a VC investor in SEA.
China’s JD.com to officially quit ID, TH
The moves mark JD’s retreat from the competitive e-commerce area in SEA, where the domination of regional champions, including Tokopedia and Shopee, has made it hard to expand its market share.
Indonesian agritech startup EdenFarm secures US$13.5M pre-Series B
The investors are TMI Ventures, AppWorks, AC Ventures, and Capria Ventures; EdenFarm claims it has over 5,500 farmer partners and 50,000 B2B customers and has seen almost 60X growth in the last 40 months.
Stripe may go public next year, allows exit for investors and employees
The plans come as restricted stock units of the payments major’s veteran employees are set to expire, which would see a major part of their compensation vanish if no action is taken.
Indonesian collectibe marketplace Kick Avenue scores US$2.39M Series A
The investors are Korean marketplace KREAM and Malaysia’s SneakersLAH; Kick Avenue offers a variety of mainly collectibe sneakers from international brands, such Adidas and Nike, as well as local brands.
Wavemaker, Seedstars invest in Thai SaaS insurtech startup Eazy Digital
Eazy Digital provides digital solutions to small and medium-sized insurance companies that lack the resources to digitise their processes and distribution.
Japan embraces Web3 as global regulators grow wary of crypto
With tight regulations already in place that helped insulate FTX Japan and its investors from heavy losses, Japan is working on policy and guidelines for stablecoins, NFTs and DAOs as it welcomes a crypto future.
Redefining metaverse: how to determine real utility in the Web3 world
Web3 has given us an incredible tool — the ability to create a ‘digital value economy’, whereby something can have value in and of itself online, without a trusted intermediary.
Amazon NFT initiative coming soon: Exclusive
Amazon has been shopping the digital collectibles effort to no shortage of power players in the industry, per multiple sources; There’s a focus on blockchain-based gaming and related NFT applications, as per sources.
Grab promotes Philipp Kandal to CPO
In his new role, Kandal will oversee the tech giant’s product, design, and analytics teams; He will also spearhead Grab’s product vision and strategy initiatives.
How to fortify yourself against the risky unknown
It’s important to have an experimental mindset in the digital age by exploring new tools, ways of doing, thinking and working.
Indonesia’s antivirus reliance: A cybersecurity blindspot
It’s crucial for individuals to understand that relying solely on antivirus software leaves them vulnerable to other types of cyber threats.
—
Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.
The post Ecosystem Roundup: JD.com to quit Indonesia, Thailand; Sea to add 2K+ jobs in Malaysia; EdenFarm secures US$13.5M appeared first on e27.