Rainforest’s revenue in full bloom

More: Singaporean fintech firm Nium delays its plans for an IPO in the US. [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: - [A growing Rainforest]( - VNG’s police investigation - The Japanese AI firms that topped Tech in Asia's weekly funding list - Other newsy highlights such as Singapore-based Nium delaying its plans for an IPO in the US --------------------------------------------------------------- Hello {NAME} I’m not much of a gardener, but I did buy some houseplants for the first time earlier this year. Having a bit of greenery around the place has been nice, but unfortunately, I have managed to kill most of them. However, some plants can thrive under the harshest conditions, so I still have a lucky bamboo that’s alive and well, as well as some other sprawling green thing that I can’t name. It’s impressive how despite what’s happened around them (too much sun and not enough water), these plants are still going. It goes to show how resilient nature can be, and one Singaporean company that takes its name from nature has shown a similar resilient streak. Rainforest has posted solid financial results, despite the challenging environment the ecommerce roll-up sector has faced. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Rainforest reaches for the canopy with 46% revenue growth]( Despite other ecommerce roll-up firms facing challenges, the Singapore-based company turned net profitable this year. --------------------------------------------------------------- TRENDING NEWS [GIC-Backed Nium Pushes Back IPO Plans to Refocus on Growth]( The fintech firm is delaying its plans for an IPO in the US to the end of 2026, Bloomberg reported. The Singapore-based company had previously targeted to list in the second quarter of 2025. [VNG names new acting CEO amid ongoing investigation (update)]( The Vietnamese tech giant has named a new acting CEO amid an ongoing police investigation. Kelly Wong, its vice president, was tapped as acting CEO. It cited the need to protect the legal rights and interests of all shareholders, partners, and stakeholders. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: Japanese AI firms take top two spots]( Keep track of all the startup investment activities in Asia through our weekly funding list. --------------------------------------------------------------- PRODUCT DEVELOPMENT, REDEFINED  The future of design? It’s coded, collaborative, and happening right now Product people, ditch the handoff headaches and discover how cutting-edge tools are smashing silos between disciplines and fueling a new era of product development. On September 26, walk away with actionable strategies to optimize workflows, empower teams with expanded skill sets, and accelerate product lifecycles. All this, fueled by intelligent automation and insightful conversations with your industry peers. Seats are extremely limited - [apply now for an invite]( to join us at Coriander Leaf Chijmes. ---------------------------------------------------------------  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. - K-Link - [Klink.cloud Partners with Rakuten Viber To Enhance Business Communication in APAC]( Klink.cloud partners with Rakuten Viber to enhance business communication in APAC, integrating Viber Chatbots to streamline customer engagement. - First Rate Connect - [Launch of First Rate Connect Venture Accelerator, Aims to Support Singaporean Fintech Startups in Expanding to the US Market]( Launch of First Rate Connect Venture Accelerator, Aims to Support Singaporean Fintech Startups in Expanding to the US Market. - Libertex - [Libertex adds a dash of European Football excitement to iFX EXPO Asia 2024]( The global CFD industry leader will have a distinctive presence at Asia’s benchmark online trading event. - Fingular - [Global neobank Fingular launches “Buy Now, Pay Later” business in Malaysia under the brand AhaPay]( Global neobank Fingular launches “Buy Now, Pay Later” business in Malaysia under the brand AhaPay. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Tech in Asia Conference Jakarta on October 23 - 24]( Nicholas Nash, managing partner and co-founder of Asia Partners, will be delivering the opening keynote at TIA Conference Jakarta and share his insights on Southeast Asia’s tech resilience, focusing on the markets and industries that have kept the region powering through. He’ll also explore the underlying factors that enable this continued growth and development. Final batch of third-release tickets are now up for grabs at 45% off, [get yours today before offers end on September 8.]( [Tech in Asia’s Founders Meetup: Thailand on September 11]( Much like its namesake, this event 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 - [get your tickets now!]( Few 1+1 bundle deals left up for grabs. [Gemini Day for Startups: Indonesia on September 26]( Stop wondering if generative AI can transform your business - see it in action instead. This exclusive event will show you how to leverage AI to unlock new revenue streams, optimize operations, and gain a competitive edge. [Apply for your invite today]( - limited spots available, so secure yours now. [SYNC 2024 on October 08]( Get ready to experience the future of AI at #SYNC2024, an exclusive, closed-door event convening 100 of Asia's most influential minds in the AI landscape. We're thrilled to announce that Min-Liang Tan, co-founder and CEO of Razer, will be joining our main stage speaker lineup. Besides the main stage content, expect tailored roundtables, demos from AI startups, and networking opportunities aimed at equipping you with the knowledge and resources to navigate the ever-evolving AI landscape. This exclusive event is by application only. [Find out more about SYNC 2024 today.]( [Startup Factory at Tech in Asia Conference Jakarta]( Are you a founder looking for inspiration, connections, and the latest tech insights? Look no further than the Startup Factory at #TIAConferenceJKT! This exclusive space, designed for founders like you, will showcase the region's most promising tech companies. Get up close and personal with the innovators shaping the future, discover the trends driving the tech industry, and connect with potential partners and investors. Competition is fierce and limited booth slots are available. [Apply now!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Product Manager]( at Mobius Digital Jakarta, Indonesia - [Governance Risk Compliance (Information Security)]( at Jubelio Jakarta, Indonesia - [Data Migration Specialist (Contract Based)]( at Moladin Digital Indonesia Jakarta, Indonesia - [Data Engineer Analyst]( at Hangry Jakarta, Indonesia - [SDET]( at Lion Parcel Jakarta, Indonesia - [Sales Executive Yogyakarta]( at JALA Indonesia Yogyakarta, 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? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2024 Tech in Asia, All rights reserved. 13A Neil Rd, Singapore 088810 A member of The Business Times.