Vietnam banks on battery power

More: Akulaku’s BNPL services are back in operation in Indonesia. [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: - [Vietnam’s battery startups think local]( - Sea Group posts its first year of positive net income - Other newsy highlights such as Akulaku’s buy now, pay later services returning to operation in Indonesia. --------------------------------------------------------------- Hello {NAME} In what feels like another life, my first job in Vietnam back in 2015 was as an elementary school teacher. To put it mildly, teaching was not my calling. Fortunately, the job did teach me how to adapt to whatever the kids, my employers, or anyone else would throw at me. For instance, experiencing a rolling blackout in the heat of the summer at a school on the outskirts of Hanoi was an eye-opener. I was already drenched in sweat when the ceiling fans slowly stopped spinning, leaving me stuck in a room full of 10-year-olds who were getting increasingly hot and agitated. I got through the rest of that day with only a minor heat stroke and thought I’d never experience something like that again. Unfortunately, almost 10 years later, occasional rolling summer blackouts are still part of life in Vietnam. Part of the government’s plan to keep the power flowing is to push for more renewable energy. As today’s premium piece explores, this has led local startups to look into developing homegrown battery technologies. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Vietnamese battery startups eye more green financing to power renewables push]( Local startups are looking at ways to develop battery technologies as Vietnam makes a push for green energy. --------------------------------------------------------------- TRENDING NEWS [OJK removes restrictions on Akulaku’s BNPL services]( This comes over four months after the regulator limited the firm’s BNPL operations over violations to its supervisory obligations. [Sea hit first profitable year in 2023, eyes positive EBITDA for Shopee in H2 2024]( Revenue for Q4 2023 was US$3.6 billion, 4% higher than a year ago – growth it mostly owed to Shopee. --------------------------------------------------------------- SILICON VALLEY INSIGHTS Hear it straight from the man who catapulted companies like Dropbox to phenomenal success Sean Ellis, the man behind multibillion-dollar ventures like Dropbox and Eventbrite, is coming to Singapore. In an exclusive fireside chat moderated by Tech in Asia editor-in-chief Terence Lee on March 11, Ellis will be giving the lowdown on his growth engine strategies and practical implementation of growth hacking tactics in real-world scenarios. He will also share his take on the latest Silicon Valley and VC trends. Ellis’ pragmatic and data-driven approaches have helped reshape the landscape of digital marketing and business growth strategies. Sign up and glean insights into the strategies that have worked for Silicon Valley’s unicorn companies. [Grab your ticket for just US$59]( before seats run out! ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Southeast Asia tech ecosystem report]( All you need to know about Southeast Asia's startup scene in five minutes. ---------------------------------------------------------------  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. - Apploye - [Apploye Inc. 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Discover insights in this interview. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Saigon Summit 2024: Charting Vietnam’s Tech Future on May 30]( By popular demand, we’re bringing our signature trade show, Startup Showcase, to Saigon Summit on May 30! Startup founders, it’s your chance to put your name on the map and get the eyeballs of hundreds of tech professionals. Your next investor or business partner could be in the mix! Check out the perks you’ll receive when you sign up for Startup Showcase: * Your own space to showcase your product * Two tickets to Saigon Summit * Exclusive promo code for more tickets * Your logo spotlighted on our event website * .. and a lot more! Limited slots available - [apply to exhibit now]( - [Silicon Valley Insights: A discussion with Sean Ellis, co-author of Hacking Growth on March 11]( Ever heard of “growth hacking”? Sean Ellis, the pioneer who coined this term and catapulted companies such as Dropbox and Eventbrite into multibillion-dollar ventures, is coming to Singapore! Terence Lee, Tech in Asia’s very own editor-in-chief, will be moderating an exclusive fireside chat with Sean at Mandala Club. Gleam firsthand insights from Sean on his transformative growth engine strategies, practical implementation of growth-hacking tactics in real-world scenarios, and his take on the latest Silicon Valley and VC trends. Hurry, [grab your spot at just US$59]( before seats are taken!  ---------------------------------------------------------------  CONFERENCE LINEUP Check out Tech in Asia’s other signature events lineup for 2024 [here](. - [Product Development Conference (June 2024)]( Be the early bird that catches the tickets! 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