Tech In Asia

Tech in Asia is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

1. Rakuten Group to sell $475m in bank shares to manage losses

   In 50 Words: Despite the move, Rakuten Bank will continue to be a consolidated subsidiary.

2. Amazon slashes seller fees on low-cost clothing to compete with Shein

   In 50 Words: Clothing products priced under US$15 will have a 5% seller fee starting January, down from a 17% rate.

3. GoTo Group’s on-demand services on track for profitability by Q4 2023

   In 50 Words: Recent transport initiatives like GoCar Hemat can help the company manage costs while expanding its addressable market.

4. Indonesia’s Bank BTN and Mandiri Capital launch proptech-focused fund

   Dubbed the BTN Fund, it is set to invest in startups working on proptech, mortgage tech, and construction tech, among other sectors.

5. Nvidia CEO unveils plans for new supercomputer, AI investments in Singapore

   In 50 Words: Jensen Huang said that the firm is looking to construct a larger supercomputer in the city-state.