Delivery Hero-owned Baemin Vietnam slashes jobs
In an email to staff, the food delivery firm's interim CEO cited market challenges such as "intense competition and high consumer expectations." READ SOURCE...
Startups
This founder took his distaste for Chinese lessons and built a successful edtech firm
We look at a startup that wants to make studying Chinese fun and explore a firm simplifying visa applications. READ SOURCE...
In 50 Words: Accelerating Asia joins $4.3m raise of AI-powered corporate gifting firm
US-based Giftpack AI has delivered gifts to over 1,400 companies, including Google, Meta, and JPMorgan Chase. READ SOURCE...
In 50 Words: GGV Capital to split into Asia- and US-centric firms by 2024
Jixun Foo and Jenny Lee will lead the Asian partnership. READ SOURCE...
In 50 Words: VinFast Q2 revenue doubles on domestic surge, US sales lag
CEO Thuy Le predicts VinFast will be profitable within several years. READ SOURCE...
BasisAI co-founder steps down from Aicadium
Liu Feng Yuan has joined a new startup called Resaro.ai as partner and vice president of product. READ SOURCE...
Foodpanda slashes APAC workforce as potential sale looms
"The need to streamline our operations to become leaner and more agile remains critical," the food delivery firm told Tech in Asia. READ SOURCE...
In 50 Words: OpenAI unveils newest version of AI image generator DALL-E
The text-to-image tool now uses ChatGPT to help handle prompts. READ SOURCE...
Maybe Tony Fernandes should just focus on aviation
The tycoon’s digital rebranding exercise for AirAsia Super App may have come a little too late. READ SOURCE...
Peak XV leads $12m round in startup that simplifies visa applications
Atlys' platform allows users to apply for visas from anywhere in the world and predicts visa processing time, while also reducing rejection rates. READ SOURCE...