1️⃣ Once an IPO hopeful, SCI Ecommerce nears collapse
Digital collage by Ulla, photo courtesy of SCI Group
With potential accounting irregularities being flagged, the ecommerce enabler faces police investigations – all as cash fell 94% last year. 2️⃣ Who’s betting big on ChatGPT ads? Not Asian brands
Image credit: Ulla
OpenAI claims ChatGPT reaches people as they decide what to buy. But advertisers in Asia say they still can’t tell whether the ads can sell anything. 3️⃣ RedDoorz eyes net profit in 2026 ahead of IPO
Photo credit: RedDoorz
Stronger domestic travel in Indonesia and growth in company-operated hotels helped RedDoorz offset weaker consumer spending. 4️⃣ Inside Singapore’s government team that kills its own products
Digital collage by Ulla, photo courtesy of Open Government Products
Can the government operate like a startup? OGP director Li Hongyi talks about how he’s bringing Silicon Valley-thinking into the team. 5️⃣ SEA financials tracker: Traveloka profit drops 71% despite gains
Traveloka initially planned to go public in 2021 but eventually delayed its plans. It hit EBITDA profitability in 2023. / Photo credit: Traveloka
We compiled official filings and financial statements to help readers see which private tech firms are growing, profitable, or cash-generative.
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