Smooth Q1 waters for Sea

More: TikTok creators in the US file a suit to try and stop the app from being banned. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Sea Group buoyed by solid Q1 results]( - Grab records an all-time high in adjusted EBITDA - Indonesia’s leading D2C brands - Other newsy highlights such as TikTok creators filing suit to stop the app from being banned in the US --------------------------------------------------------------- Hello {NAME} There's just something about spending time by the sea that brings me peace. Whether the water is warm or cold, calm or squally, looking out across vast oceans is a soothing experience. Gazing out at something so much bigger than I can fathom certainly helps make whatever's troubling me seem pretty trivial. Swimming in those same waters only heightens the experience. There's something freeing about letting the waves crash around you and letting go of control. In Southeast Asia's tech world, Sea Group isn't controlled by the waves - it makes them. The firm's first quarter of the year was a lot smoother than that segue, as our featured story on its financial health shows. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Sea Group’s financial health in 7 charts]( These charts offer a snapshot of how Sea Group, the company behind Garena and Shopee, is faring. --------------------------------------------------------------- TRENDING NEWS [Grab records all-time adjusted EBITDA high for Q1]( This has led the company to revise its 2024 adjusted EBITDA guidance upward to between US$250 million and US$270 million. [US TikTok creators file lawsuit to block the app’s potential ban]( While this comes on the heels of TikTok and ByteDance’s own lawsuit, TikTok creators have found success with their legal efforts in the past. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Mapping Indonesia’s leading D2C brands]( Between 2020 and 2024 so far, direct-to-consumer players in the F&B space attracted the most funding, followed by those in the FMCG segment. --------------------------------------------------------------- TIA CONFERENCE KL: MALAYSIA ON THE RISE Limited second-release tickets are available! Tech in Asia Conference is the premier event for Southeast Asia’s tech and startup ecosystem. Join us in Kuala Lumpur from July 24 to 25 for two days of insightful discussions, networking opportunities, and groundbreaking insights from industry experts. You’ll hear from some of the brightest minds in the region on a wide range of relevant topics. 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