Tech in Asia

?? Una Brands Navigates Ecommerce Turbulence Amid Profitability Push ?? Industry struggles – Thrasio bankrupt, but Una Brands claims EBITDA profitability in Q4 2023. ?? Slower growth: Revenue up 4.8% YoY in 2023, but losses before tax still at -78.5%. ?? AI & operational tweaks – Pricing adjustments, supplier shifts, and data-driven optimization. ?? Debt restructuring: $27.5M in borrowings, new repayment terms till 2026. ?? US-China tensions loom: Tariff risks, supply chain resilience via China-based team. Will Una Brands thrive in 2025 or hit more roadblocks? ??

Shopee drives Sea Group's fintech arm growth, supporting significant revenue increases and future projections. - ?? Shopee's GMV crossed US$100 billion in 2024; revenue grew 38% from 2023, highlighting its ecommerce dominance. - ?? SeaMoney outpaced Garena as Sea Group's second-largest segment, driven by a burgeoning loan book and strategic growth in Brazil. - ?? Garena's game Free Fire witnessed a 34% bookings rise, maintaining Sea Group's global gaming profitability. - Want full insights? Subscribe to Tech in Asia to read the entire article.

The female founders and leaders behind SEA’s top-funded startups ?? Read more: https://lnkd.in/gNzTrWqa ???? Sixty-six women are leading Southeast Asia’s top-funded tech firms, reaching a record high and showcasing growing diversity. ?? Female executives are boosting profits and sparking innovation in the region’s dynamic digital economy. ?? Celebrating International Women’s Day by highlighting inspiring women shaping the tech landscape.

???? Check out our top articles for the week. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

?? Alami Cuts 40% of Staff Amid Shift to Profitability ?? Layoffs affect R&D, product, and engineering teams as Alami focuses on “organic growth.” ?? P2P lending reaching maturity while Hijra Bank establishes core products. ?? Profitability push: P2P lending expected to break even soon. With $67.6M in funding, is this a smart pivot or a sign of fintech struggles?

[Published in January 2025] ??? Unilever’s Tough Times in Indonesia ?? Market share dropped from 38% to 34% in 2024, with profits falling 12%. ?? Sold its ice cream business for $440M to refocus, but competition & boycotts remain challenges. ?? Local brands like Wings Group & Mayora gained ground, boosted by shifting consumer preferences. Will Unilever bounce back, or is its dominance fading?

?????? Check out this constantly updated list of startups in Israel that have recently raised funding. Aryon Security, Nurami Medical, PACKAGE.AI, and Twine Security are some of the companies featured in this list. Are we missing any other startups? Tag them in the comments below. Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

???? Kraken reported strong growth in 2024, with revenue exceeding US$1.5 billion and adjusted earnings of US$380 million. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

????? Nazara Technologies Limited remains active in investments, recently acquiring Funky Monkeys Play Centers Pvt. Ltd. for 43.7 crore rupees (US$5.01 million). Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

As Asia's tech sector grapples with economic challenges, layoffs surge while companies focus on profitability. ?? Ola Electric cut over 1,000 jobs to prioritize profitability amid economic uncertainties in India. ?? Across Southeast Asia, India, and China, funding plummeted to $45 billion in 2024, down significantly from the 2021 peak. ?? Big Tech firms like IBM and Meta are reducing staff, while sectors such as ecommerce and edtech face the toughest layoffs. Want full insights? Subscribe to Tech in Asia to read the entire article.