Sea’s progress pivot at expense of earnings stems from e-commerce competitors

Forrest Li, chief govt officer of Sea Ltd., in Singapore, on Wednesday, Might 3, 2023. Ore Huiying | Bloomberg | Getty Pictures Shares of Southeast Asian tech big Sea plummeted this week after lacking income expectations and saying it might deal with progress over earnings — a reversal from current cost-cutting measures within the face … Read more

5 progress classes we discovered whereas scaling from $2M to $3M ARR

Jonathan Martinez Contributor Jonathan Martinez is a former YouTuber, UC Berkeley alum and progress advertising nerd who’s helped scale Uber, Postmates, Chime and numerous startups. Extra posts by this contributor Add a free e-book to your B2B paid acquisition efforts How one can establish, interview and rent a head of progress for an early-stage startup … Read more

Singapore narrows 2023 progress forecast on ‘weak’ exterior demand

A basic view of the Central Enterprise District and the Merlion, illuminated with a projection in the course of the iLight Marina Bay on March 29, 2018 in Singapore. Suhaimi Abdullah | Getty Photos Information | Getty Photos Singapore narrowed its financial progress forecast to a variety of 0.5% and 1.5% for this yr, citing … Read more

Asia’s factories face weak demand, signaling progress challenges forward

A employee welds within the workshop of a equipment and gear manufacturing enterprise in Qingzhou Financial Growth Zone, East China’s Shandong province, July 17, 2023. Future Publishing | Future Publishing | Getty Photographs Factories in Asia reported sluggish demand in July as new home and international orders slumped firstly of the third quarter, underscoring the … Read more

Bidenomics spurred stronger GDP progress: Morgan Stanley

U.S. President Joe Biden provides a thumbs up as he walks with first woman Jill Biden to Marine One on the South Garden of the White Home July 14, 2023 in Washington, DC. Drew Angerer | Getty Photographs WASHINGTON — Morgan Stanley is crediting President Joe Biden’s financial insurance policies with driving an surprising surge … Read more

For startups, development nonetheless trumps cloud price management

There’s room for startups to chop their cloud prices, even when they should stability the implicit prices of doing so, such because the time required and the potential for slower growth. The query then turns into: How a lot of a precedence is discovering incremental financial savings for younger tech firms? A current survey of … Read more

Jenfi raises extra funding for its “progress capital as a service” platform

Jenfi, a “growth-capital-as-a-service” platform, can present on-line companies with revenue-based financing in just a little as a day. The Singapore-based startup introduced right this moment it has raised $6.6 million in pre-Sequence B funding, led by Headline Asia. Participation got here from returning investor Monk’s Hill Ventures, which led Jenfi’s Sequence A two years in the … Read more

Fintech startup Brex was among the many bidders for SVB’s early-stage and development portfolios

Welcome to The Interchange! For those who acquired this in your inbox, thanks for signing up and your vote of confidence. For those who’re studying this as a publish on our website, enroll right here so you possibly can obtain it straight sooner or later. Each week, we’ll check out the most popular fintech information of the earlier … Read more

China’s exports rose 8.5%, persevering with its progress streak at a slower tempo

QINGDAO, CHINA – MAY 06: Aerial view of illuminated Qingdao Qianwan Container Terminal at nightfall on Might 6, 2023 in Qingdao, Shandong Province of China. Vcg | Visible China Group | Getty Photos China’s exports grew 8.5% in April in U.S. greenback phrases, marking a second-straight month of progress, whereas imports fell 7.9% in contrast … Read more