Johor Bahru’s co-working surge

More: Delivery Hero’s preparations to list its Talabat unit and a semiconductor deal between India and Singapore. [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: - [The rise of Johor Bahru’s co-working space industry]( - Delivery Hero preparing to list its Talabat unit - 50 rising startups in Vietnam - Other newsy highlights such as India and Singapore signing a semiconductor deal --------------------------------------------------------------- Hello {NAME} Almost every Singaporean I know has taken a day trip to Johor Bahru at least once in their lives. It’s easy to see why: it’s relatively convenient to travel to (especially if you take the train), has tons of good food, and is not too difficult to get around if you use Grab. One of the biggest reasons, though, is that things are generally a lot more affordable across the causeway. It’s even led to some people [cautioning Singaporeans against being “birds”]( when visiting Johor Bahru because the constant exclamations of things being “Cheap!” sound like birds chirping. It appears that this phenomenon isn’t just limited to your average consumer either - businesses are also looking to use Johor Bahru’s shared workspaces so that they can save costs. Today’s story explores what that means for the city. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Cost savings fuel demand for Johor Bahru’s shared workspaces]( Co-working operators in the fast-growing Malaysian city are offering value-added services that are helping drive the surge. --------------------------------------------------------------- TRENDING NEWS [India and Singapore sign deal to cooperate on semiconductors]( Leaders of both nations have signed an MOU to cooperate in initiatives for the semiconductor industry. The partnership will entail “government-led policy exchanges on ecosystem development, supply chain resilience, and workforce development,” said Singapore’s trade ministry. [Delivery Hero lines up banks for Talabat’s Dubai listing]( The company has hired Emirates NBD, Morgan Stanley, and JPMorgan Chase to work on the listing for Talabat, its unit in Dubai. The share sale from the listing could raise about US$1 billion, though no decision has been made regarding the valuation. Delivery Hero plans to hold the Talabat IPO in Q4 2024. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [50 rising startups in Vietnam]( Check out this constantly updated list of startups in Vietnam who've recently raised funding. --------------------------------------------------------------- YOUR NEXT BIG BREAK? YEAH, IT'S PROBABLY HERE  Limited 1+1 bundle deals up for grabs - don’t miss out! Much like its namesake, Founders Meetup Bangkok is brimming with perks for founders. From riveting discussions on funding to exclusive face time with seasoned investors, there’s a lot in store. But don’t just take our word for it - join us this Wednesday for the opportunity to connect with founders and investors from Cart Biz International, JobNet Group, Swiftlet, Indelible Ventures, and more. 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