Latest layoffs: Lazada reduces staff by 30%

More: Intel forms an independent AI company and Komunal raises US$5.5 million. [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: - Lazada [letting go of]( up to 30% of its workforce - Etherscan acquiring a fellow blockchain explorer - Other newsy highlights such as Intel forming a new independent AI firm and Komunal’s extended series A round. --------------------------------------------------------------- Hello {NAME} My family recently adopted two new kittens - named Tobiko and Caviar - and it’s been a blast having them around the house. Tobiko is a tabby that’s really friendly and curious, but his brother Caviar is the complete opposite, always shy and hiding in any nook or cranny he can find. Naturally, having two cats around means that we needed to purchase all the necessary things to take care of them such as litter, food, and toys. We also meshed up the windows to cat-proof the house since we live in an apartment. We turned to ecommerce platforms since in-person stores tend to be a little more expensive. What I found really interesting was that almost everyone we spoke to suggested using Shopee or Amazon to purchase our items. No one even mentioned Lazada. I wouldn’t know the overall situation, but it did seem to me that fewer people today are considering the Alibaba-owned platform as an option. If that’s the case, it might not be a complete surprise that Lazada is letting go of up to 30% of its staff. Still, the sheer number of the job cuts is something that leaves a bad taste in the mouth. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Lazada expected to let go up to 30% of staff: sources]( The job cuts are expected to hit the customer care, marketing, and commercial teams the most across all of Lazada's markets. --------------------------------------------------------------- TRENDING NEWS [OnCusp Therapeutics secures $100m to advance cancer treatment]( The funds will be used to advance the firm’s CUSP06 product, which is an antibody drug that helps fight ovarian cancer. [Meet the 100 top-funded startups and tech companies in China]( Here are the companies in China that are attracting tons of investors and have the resources to spend on software, talent, and expansion. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Tracking PDD’s Temu-fueled rise to surpass Alibaba in market value]( We look at what’s behind this changing of the guard. --------------------------------------------------------------- JUMPSTART 2024 WITH SINGAPORE’S FINEST Join us for this closed-door roundtable and networking dinner on Feb. 1 Singapore-based IT, data, and digital transformation leaders: are you ready for a new year of new beginnings? It’s time to break away from the norm of rigid, traditional business processes in 2024! In today’s changing market, companies must embrace the shift toward composable enterprise to remain agile and versatile as well as to keep pace with evolving demands and needs. Join us on February 1 to uncover the latest best practices in streamlining workflows with composable technology at our closed-door executive roundtable and networking dinner in Kabuke, Singapore. Capped at 25 seats for maximum engagement, you’ll be in for insightful discussions, plenty of networking, and a delicious dinner. [Register your interest now]( ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia x Workato: From Complexity to Simplicity - The Composable Enterprise Advantage on February 1]( Singapore-based IT, data, and digital transformation leaders are invited to join our executive roundtable and networking dinner at Kabuke, Singapore on February 1. Get a headstart in 2024 by keeping pace with evolving market needs. Break away from rigid business processes and hop on board the composable technology bandwagon that’s shifting the digital landscape and delivering efficient outcomes at scale. Register now for a chance to be one of our 25 guests who’ll be able to engage in insightful discussions and plenty of networking, topped off with a delicious dinner! [Full details and RSVP here]( ---------------------------------------------------------------  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. - AAAFx - [AAAFx Year in Review: A Testament to Success in 2023, Exciting Prospects for 2024]( In 2023, leading brokerage, AAAFx, achieved a significant milestone by surpassing one million website users. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Java Springboot - Tangerang]( at SIGMATECH Tangerang, Indonesia - [Digital Advertising Associates]( at BASED by Basil Jakarta, Indonesia - [UI/UX Designer]( at PT Kawan Lama Sejahtera Jakarta, Indonesia - [Platform Engineer]( at Lion Parcel Jakarta, Indonesia - [IT Project Acquisition (Informatika Media Pratama)]( at Scout.inc Jakarta, Indonesia - [Finance Operations Officer (GPay)]( at GTech Digital Asia 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. 63 Robinson Road, Singapore 068894