Shopee, MoneySmart, and the question of non-competes

More: Lazada denies Thailand exit rumors and Masayoshi Son is set for his “next big move”. [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: - How a recent MoneySmart ruling [could change the way]( employers in Singapore think about their restraint-of-trade clauses - A South Korean digital wallet that’s raised funds from Lightspeed - Other newsy highlights such as SoftBank founder Masayoshi Son’s plans for the firm and Lazada denying rumors that it’s pulling out of Thailand --------------------------------------------------------------- Hello {NAME} I took a media law class in my final year of polytechnic. It was a compulsory module, and it covered some of the basics that we’d encounter in our work, like contract law and defamation law. It was pretty painful, because trying to understand legalese is so hard. Plus, all the exams were closed-book - how am I supposed to remember what Carlill v Carbolic Smoke Ball Co is all about, nevermind the more Singapore-specific cases we covered in class? Real lawyers get to have notes, don’t they? Anyway, I passed and graduated, and that’s what matters now. I don’t recall very much from the class, but I retained enough to be curious whenever a debate over a clause in a contract pops onto my radar. It’s especially interesting in Singapore, because we use case law - and every judgment sets a precedent. Today’s premium story looks at a recent employment lawsuit in the country that might have set a new precedent. Whether you’re an employer or employee, it’s an interesting read. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Impact of MoneySmart ruling trumps Shopee drama on non-competes]( One case enforced an existing legal principle, while the other broke new ground and may have a big impact on employment contracts going forward. --------------------------------------------------------------- TRENDING NEWS [SoftBank’s Masayoshi Son set for ‘next big move’: report]( Amid a deeper focus on AI, SoftBank is aiming to boost its renewable energy ventures to power its AI initiatives, especially in the US, Son said. [Lazada squashes rumors of Thailand exit]( The comments come following a Bangkok Post report on Alibaba’s alleged talks with Charoen Pokphand and Central Group. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [VC funds tracker: Peak XV, IvyCap Ventures, others add $1.4b in new funds]( Fundraising is difficult. To make things easier, we have compiled a detailed list of the most recent VC funds for our subscribers. --------------------------------------------------------------- TECH IN ASIA’S FOUNDERS MEETUP: MALAYSIA ON JULY 25 You asked; we listened. We’re headed to Kuala Lumpur! Double the excitement awaits as Founders Meetup returns to Malaysia in July as the closing party of TIA Conference KL! It's the perfect opportunity to unwind, network, and connect with fellow founders, startup leaders, and investors. 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[Tech in Asia’s Founders Meetup in Malaysia on July 25]( Double the excitement awaits as Founders Meetup returns to Malaysia, this time in conjunction with the closing party of TIA Conference KL! It's the perfect opportunity to unwind, network, and connect with fellow founders, startup leaders, and investors. Hurry, [get your early bird ticket]( before the promo ends on June 28! [Tech in Asia Conference Jakarta on Oct 23-24]( Where is the next Silicon Valley? It might just be Jakarta! Indonesia's young tech talent is booming, and Tech in Asia Conference Jakarta puts you right in the center of the action. Join us at #TIAConferenceJKT to connect with 4000+ region's brightest minds, 150+ hottest startups, and hear straight from 80+ experts. Early-bird tickets are now available! [Snatch the 75% discount while it lasts!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Data Scientist]( at JALA Indonesia Yogyakarta, Indonesia - [IT Technical Writer]( at MIFX Indonesia Jakarta, Indonesia - [Client Acquisition Manager (bnbprofits)]( at Dealls Denpasar, Bali, Indonesia - [Customer Service]( at PT. Wahana Pembayaran Digital Jakarta, Indonesia - [IT PMO Senior Manager]( at Scout.inc Jakarta, Indonesia - [IT Security Engineer]( at Indocyber Global Teknologi Indonesia Bulk Terminal, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? 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