Yimie Yong

The global wave of layoffs hitting US tech companies like Meta, Amazon, and Twitter has also come to Southeast Asia amid a slowdown in fundraising activities for tech startups. Tech companies including venture capital-backed startups in Southeast Asia have also announced layoffs and austerity measures to cope with the uncertain macroeconomic situation.

In 2023, TN Global has published contributions from leaders and experts from the tech ecosystem, covering various topics from e-commerce, FinTech, Web3, artificial intelligence, other latest trends and innovations in the tech sector.

It’s the time of the year again as we take a look back at what happened throughout 2023 in the tech and startup scene in Southeast Asia.

TikTok Shop more than doubled its market share to 11 percent this year, Walujo said on a conference call with investors on Thursday. GoTo’s share of the pie shrank to 23 percent from 28 percent over that span, he was quote as saying.

In the interview, Glenn Estrella also shared how 917 Ventures seeks to enter into more strategic partnerships in its home country - the Philippines - and across Southeast Asia. He also shared the challenges within the startup/VC ecosystem in the country and suggestions for the ecosystem, among others.

"We will give a three to four months period for trial because technology is not an easy thing. Maybe efforts to perfect it would be needed," Indonesia's Trade Minister Zulkifli Hasan said.

Nvidia's CEO Jensen Huang said the company viewed Vietnam as its home and affirmed its plans to set up a centre in the country.

Indonesia has drafted ethics guidance for developers using artificial intelligence (AI) to prevent potential misuse of the new technology.

The SC, together with Bursa Malaysia is working to improve efficiency in the public markets to facilitate a start-up’s IPO, with measures such as expediting the IPO process and reducing time-to-market for companies seeking to list on its stock exchange.

Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.