More: Luckin Coffeeâs imminent expansion plans. [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 Asiaâs tech and startup community by [registering here](.
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--------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - Aerodyneâs [pivot to AI]( and what startups can learn from its journey
- Startup closures across Southeast Asia
- The US$5.9 million series A round of a Singapore-based food supply chain solutions provider
- Other newsy highlights such as Luckinâs upcoming expansion plans --------------------------------------------------------------- Hello {NAME} âWe are on the journey to irrelevance all the time as companies. That means pivoting is an inevitable thing.â Thatâs a quote from todayâs premium article, and I really like it. It puts across the overarching challenge businesses face so succinctly and with the right amount of weight. It also illustrates the importance of flexibility and pivoting, characteristics that are commonplace in the startup world but nevertheless ones that need to be applied correctly. Otherwise, itâs just trend chasing, and - by making one look desperate and plan-less - it could put off potential investors. As you might expect, the technology everyoneâs thinking about pivoting to nowadays is AI. Malaysian drone company Aerodyne seems to have gone about it the right way; maybe other startups can follow its example. -- Winston
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THE BIG STORY [To pivot or not to pivot to AI: thatâs the question for startups](
Aerodyne has made a successful pivot, but other companies chasing funding by shifting to AI need to be careful. --------------------------------------------------------------- TRENDING NEWS
[DiMuto secures $5.9m from Seeds Capital, SGInnovate](
The Singapore-based food supply chain solutions startup has closed a US$5.9 million series A funding round. The funds will be put toward DiMutoâs expansion plans in key markets such as Latin America and the US.
[Luckin Coffee plans large-scale expansion, focusing on SEA and the US](
The Chinese coffee chain intends to expand in Southeast Asia and the US in Q4 2024 and Q1 2025. Luckin will adopt a large franchise model, with headquarters still in control of growth and marketing decisions while local franchisees manage the stores and suppliers. ---------------------------------------------------------------
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VISUAL STORY OF THE DAY [Tracking startup closures across Southeast Asia](
There are several reasons why startups in Southeast Asia go bust, but we lack data about it. This piece helps you track the region's macro-level trends. --------------------------------------------------------------- SYNC 2024 - AI ⢠SINGAPORE
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Chart a course to building your AI startup at this founderâs roundtable SYNC 2024 is taking on a new dimension. This year, we're diving deep into the world of artificial intelligence - the force that's reshaping industries, driving innovation, and redefining the future of business. AI is already here, but it's only just beginning to reveal its true potential. Elevate your startup journey at our exclusive founderâs roundtable at SYNC 2024. Expect candid conversations on topics such as turning AI ideas into viable products, the unique challenges of raising capital for AI startups, and strategies to attract potential investors. Youâll uncover insights on how to find and retain top AI talents and, most importantly, how to tailor your solutions to the needs of your market to achieve product-market fit. Find out more about [SYNC 2024]( today. ---------------------------------------------------------------
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PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this]( page](. Our team will get back to you by the next business day.
- Appsflyer -Â [MAMA Hanoi: AppsFlyer Dominates Vietnamâs MarTech Arena with the Biggest Event Yet](
AppsFlyer, the global leader in mobile attribution and marketing analytics, hosted its brand-owned event, MAMA Hanoi, on August 2, 2024. ---------------------------------------------------------------
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EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asiaâs signature events [here](.
 [Tech in Asia Conference Jakarta on October 23 - 24](
Want to know what's next for Southeast Asiaâs startup scene? Join us at TIA Conference Jakarta to hear from top VCs like Jefrey Joe of Alpha JWC Ventures, the founder-turned-investor Achmad Zaky and Agung Bezharie. They'll share insights on which market is still the hotbed for investment, the challenges and opportunities of transitioning from founder to investor, and many more. Join thousands of founders and investors at #TIAConferenceJKT. Tickets are now on sale for 45% off. [Get tickets.]( [Investor Hour at Tech in Asia Conference Jakarta](
Ready to make your startup dream a reality? Investor Hour is your golden ticket. This exclusive one-on-one networking session brings together brilliant founders and seasoned investors in an intimate setting. Whether you're seeking funding or looking to sharpen your pitch, Investor Hour is your platform to build lasting relationships. Don't miss this chance to connect with the industry's top minds. Secure your spot at TIA Conference Jakarta now! [Get tickets.]( [Tech in Asiaâs Founders Meetup: Thailand on September 11](
Think of this as your one-stop platform to gain exclusive insights from leading VCs on identifying the hottest verticals where smart money is going (and where you should too!) and engineering tomorrowâs thriving ecosystem. From now till August 26, save 20% on early-bird tickets. [Get yours today!]( [DevOps Decoded: Industry Insights & Networking on September 12](
Itâs no secret that DevOps is evolving at a breakneck pace, but do you have what it takes to adapt and thrive? Uncover the hottest trends and tech advancements in DevOps as we dissect success stories and arm you with the knowledge to future-proof your DevOps strategy. [Seats are strictly limited -Â]( now.]( [SYNC 2024 on October 08](
SYNC 2024 is taking on a new dimension. This year, we're diving deep into the world of artificial intelligence - the force that's reshaping industries, driving innovation, and redefining the future of business. AI is already here, but it's only just beginning to reveal its true potential. [Find out more about SYNC 2024 today.]( ---------------------------------------------------------------
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WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Lead Product Manager]( at MyConnect
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- [Warehouse Admin - Dealer Financing (Kota Jambi)]( at Moladin Digital Indonesia
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