China’s home, but not really

More: Apple CEO Tim Cook visits China again. [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: - [Why some Chinese companies are distancing themselves from their roots]( - Indonesia’s plans to launch a Temasek-esque investment agency - How Peak XV-backed MoneyTap improved its bottom line - Other newsy highlights such as Apple CEO Tim Cook’s most recent visit to China --------------------------------------------------------------- Hello {NAME} Hearing stories about how people grew up can be pretty illuminating. We aren’t who we are without our past, even if it can sometimes be sad, painful, or perhaps even traumatic, and the things we’ve experienced shape the people we have become. Today’s premium article got me thinking that this logic applies to businesses as well. A number of Chinese companies are trying to move away from being “Chinese companies” in order to appeal to overseas investors and mitigate risks associated with having origins in China. But as the author of today’s story says, the core advantages of these companies lie in leveraging their experience in China to build up technological capabilities and expertise - and it’s pretty hard to shed that, especially when it’s made them what they are. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Hillhouse, ByteDance, and Shein’s dance around the China question]( Hillhouse Capital and Shein may have moved their headquarters to Singapore, but their ties to China run deep. --------------------------------------------------------------- TRENDING NEWS [Indonesia’s Prabowo to create Temasek-like investment agency]( Prabowo Subianto, Indonesia’s new president, has announced plans to create a new investment agency similar to Singapore’s Temasek. The proposed Daya Anagata Nusantara Investment Management Agency aims to unify various state investments into a cohesive state-owned entity. [Tim Cook visits China amid Apple’s AI launch speculation]( Apple CEO Tim Cook visited Beijing on Monday, marking his second trip to China this year. While Apple has not commented on the visit’s purpose or outcomes, it coincides with discussions about the company’s potential launch of an on-device AI system in China. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Peak XV-backed MoneyTap improves its bottom line]( The company works with financial institutions to offer collateral-free loans to consumers. --------------------------------------------------------------- SEE YOU AT THE TIA CONFERENCE JAKARTA AFTERPARTY! Unwind and connect with B Capital, Yoona Digital Indonesia, Olofsson, and more Missed the Tech in Asia Conference in Jakarta? Don’t worry - you can still connect with fellow founders, investors, and tech enthusiasts from across Indonesia and beyond at the regional founders meetup, happening right after the conference. Join us for a celebration of all things tech, where you’ll get to have insightful conversations and make valuable connections. Soak in the electric energy, enjoy complimentary drinks and light bites, and experience firsthand the buzz of the Indonesian startup ecosystem. Limited slots are available, so [get your ticket now!]( ---------------------------------------------------------------  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 | October 23 - 24]( We’re just days away from the biggest tech event of the year in Southeast Asia! With overwhelming demand, VIP Pass, Startup Factory Pass, Group Investor Pass, and Group Pro Pass are SOLD OUT! Don’t miss the chance to grab your General Pass, Single Pro Pass, or Single Investor Pass before they're all gone. Limited final offer: Get 10% off before this deal disappears! 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Join us to find out who will be crowned the champion. [Apply for an invite now!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Head of Engineering]( at Amartha Jakarta, Indonesia - [Corporate Development (Corporate Finance) Manager]( at Halodoc ID Jakarta, Indonesia - [Lead IT Quality Assurance (Mega Central Finance (MCF))]( at Dealls Jakarta, Indonesia - [Digital Marketing Supervisor]( at PT. YUKK Kreasi Indonesia Tangerang, Indonesia - [Remote Sensing Intern]( at Koltiva Jakarta, Indonesia - [.NET Fullstack Developer]( at Indocyber Global Teknologi 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. 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