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- Daily Tech News: GXS Bank, TikTok Shop, Wildberries, Netflix, Shein, Figma AI
Daily Tech News: GXS Bank, TikTok Shop, Wildberries, Netflix, Shein, Figma AI
Here are the top stories on Techzi
GXS Bank Secures Massive S$229.5M Capital Boost
GXS Bank scores S$229.5M boost.
Losses widen despite revenue jump.
FlexiLoan product shows promise, deposits soar.
TikTok Shop Captures Gen Z Hearts and Millennial Wallets
TikTok Shop ties Instagram for Gen Z purchases.
Millennials drive most sales.
Strong retention outperforms competitors.
From Maternity Leave to Billionaire: The Rise of Russia’s Richest Woman
Tatyana Bakalchuk started Wildberries with $700, now Russia’s richest woman at $7.4 billion.
Bakalchuk maintains low profile, renting instead of owning a home despite immense wealth.
Wildberries expands globally, develops alternative trading platform following Russia’s SWIFT ban.
Netflix Revamps Infamous ‘Keeper Test’ in Latest Culture Memo Update
Netflix updates culture memo, revising controversial “keeper test.”
Revised test emphasizes fighting to retain valuable employees and open communication.
Update aims to dispel harsh workplace misconceptions.
Shein’s Skyrocketing Success with 4x Sales Growth and Expansion Plans
Shein’s parent company, Roadget Business, quadrupled revenue to $21.6 billion in 2022.
The fashion retailer expanded into Southeast Asia and made key acquisitions.
Shein, valued at $66 billion, plans to go public in London despite controversies.
Figma’s AI Revolution: Empowering Designers and Non-Designers Alike
Figma launches AI-powered design features after a tumultuous year.
The new tools aim to democratize design.
AI enhances search capabilities and generates instant drafts.
Indonesia’s EV Foreign Investments Skyrocket
Indonesia’s nickel deposits fuel a surge in EV battery investments.
The country aims to produce 600,000 EVs by 2030.
Improvements in infrastructure and productivity are crucial for competitiveness.
Samsara Eco Secures $65M to Expand Recycling Facilities Across Southeast Asia
Samsara Eco raises $65M to expand recycling facilities, grow team, and scale technologies.
The startup’s EosEco technology uses enzymes to break down plastic waste into raw materials.
Samsara Eco partners with Lululemon, aims to help brands meet sustainability goals.
Southeast Asia’s Tech Giants Face Growth Challenges Amid Market Shifts
Southeast Asia’s tech giants face steady growth but hit ceiling due to market shifts.
Food delivery take rates stagnate; e-commerce platforms focus on profitability amidst consolidation.
New entrants struggle in SEA as tech giants navigate evolving consumer preferences.
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