Your money, no WeWork shares

More: StashAway has a new high-net-worth market and James Cameron joins the Stability AI board of directors. [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: - [Fake WeWork shares]( offshore tax havens, and possible sham representatives - Singapore-based StashAway’s newest high-net-worth market - The shifting gears of SEA’s insurtech sector - Other newsy highlights such as Stability AI’s appointment of filmmaker James Cameron to its board of directors --------------------------------------------------------------- Hello {NAME} I’m sure we’ve all had the experience of paying good money for something that wasn’t quite as advertised. But what about stumping up US$14.2 million for something that didn’t even exist? That’s what happened to Shinhan Securities: In 2019, the South Korean bank put that hunk of change down to buy shares of then-rising WeWork, only to find out that the seller did not actually own any of said stock. Read on to dive into the complicated legal battle that ensued and is still ongoing. -- Winston  ---------------------------------------------------------------  THE BIG STORY A failed WeWork investment turned into a multi-million dollar legal battle As the case continues, connections to high-stakes poker players and the cryptocurrency market are revealed. Dive into the full, maze-like story [here]( --------------------------------------------------------------- TRENDING NEWS [StashAway begins service for UAE high-net-worth individuals]( Singaporean robo-investment platform StashAway has launched a wealth management service for HNWIs in the UAE. This comes as HNW investors in MENA face costly fees, inflated minimum investments in private markets, and a scarcity of independent financial advice from traditional institutions. [Filmmaker James Cameron joins Stability AI board]( Stability AI, known for its Stable Diffusion text-to-image generative AI model used in the visual effects industry, has appointed filmmaker James Cameron to its board of directors. He has long supported computer-generated visual effects and emphasized the potential of integrating genAI with CGI. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [The who’s who of SEA’s insurtech sector (Updated)]( Despite the economic slowdown, Southeast Asia's insurtech secured US$530.7 million in 2023, a five-year high. --------------------------------------------------------------- THE 2024 TECH IN ASIA CONFERENCE REPORT  What are the sectors that will lie at the heart of Southeast Asia’s tech future? As Southeast Asia emerges from the tech winter, the region's tech landscape is poised for significant growth. To help you navigate this exciting evolution, we've published the 2024 Tech in Asia Conference Report. [Download the report]( to unlock exclusive insights into key sectors that will drive Southeast Asia's tech future, including ecommerce, fintech, AI, and more. Hungry for more? [Join us]( at the flagship Tech in Asia Conference Jakarta, October 23-24, to delve deeper into these trends and network with thousands of founders, investors, and industry leaders. Use code SEATOFUTURE to unlock a 15% discount on your conference ticket. ---------------------------------------------------------------  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. - Ultimate Fintech - [Libertex: Still Going Strong in Southeast Asia]( The global CFD industry leader continues to make its mark in the region. - Stylemyle - [Stylemyle, Innovative Start-up in online luxury fashion achieves milestone with Strategic Acquisition]( Stylemyle acquired by Italian multi-brand luxury fashion retailer ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Elevate Your Investment Strategy at TIA Conference Jakarta | October 23 - 24]( As an investor, you know how crucial it is for you to stay ahead of the curve in the tech industry. TIA Conference Jakarta offers you a unique opportunity to connect with the most promising startups in Southeast Asia. With the Investor Pass, you'll get full access to a startup database where you can discover hidden gems with the potential for significant returns. You will also enjoy exclusive [Investor Hour]( matchmaking events with founders, five-star catered meals, and on-demand sessions. But hurry, only 50 Investor Passes remain. [Grab yours now]( before it’s too late! [Gemini Day for Startups: Indonesia on September 26]( Join Google Cloud’s Evania Jiady along with industry leaders from 3Dolphins.ai, Alfabeta, and SPUN Global as they spill the tea on what works, what doesn’t, and how to get ahead in the AI game. Expect unfiltered insights, actionable strategies, and a clear vision for leveraging AI in your own startup. Limited seats available - [apply for your invite today.]( [Tech in Asia Conference Jakarta on October 23 - 24]( As Indonesia’s startup scene continues to evolve, new opportunities emerge beyond the traditional hotspots. Join us at TIA Conference Jakarta to dive into the latest trends and discover new investment opportunities in Indonesia's maturing startup ecosystem. [Get your tickets now]( at a special rate of 30% off. This offer is valid only until October 2. [DNA Leadership Summit | Jakarta, November 14-15]( Leadership isn’t just a title; it's a superpower. Join us at the DNA Leadership Summit and learn how to harness your inner superhero. Discover the strategies that have propelled industry giants to the top and unlock your own path to success. Are you ready to lead the charge? [Sign up for free]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Junior Digital Marketing]( at Tech in Asia Indonesia Jakarta, Indonesia - [IT Business Analyst]( at Gefami Services Indonesia Jakarta, Indonesia - [Account Strategist]( at Mediatics Digital Indonesia Jakarta, Indonesia - [Android Engineer]( at Techtroops Jakarta, Indonesia - [SEO Specialist]( at Antikode Tangerang, Indonesia - [Social Media Manager]( at PT Wahana Semesta Ilmu Jakarta, 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.