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Southeast Asia's startup ecosystem is recalibrating as it faces a cooling phase after a decade of growth, with a focus on overcoming challenges and exploring new opportunities. Notably, Bukalapak's pivot from physical goods to virtual products has led to a remarkable turnaround, with Q1 2025 revenue rising 37% year on year to US$90 million and a net profit of US$7 million. Meanwhile, Grab's financial health remains strong, with a projected 3% increase in adjusted earnings for 2025, despite macroeconomic concerns.
In June, the inaugural Asia Economic Summit will facilitate crucial discussions on regional policies and the economic and digital future. Meanwhile, Amazon is considering launching a standalone payments app in India to compete with Google Pay and PhonePe, leveraging its existing user base. In Qatar, US payment firm Yuno has established its regional headquarters, aligning with the country's ambitions to become a fintech leader, supported by government initiatives and a growing market for cross-border remittances.
In June, the inaugural Asia Economic Summit will facilitate crucial dialogues on regional policies and the economic future. Meanwhile, Amazon is considering launching a standalone payments app in India to compete with Google Pay and PhonePe, leveraging its existing user base. In Qatar, Yuno's entry into the fintech market aligns with the country's ambitions to become a global fintech leader, supported by government initiatives and a growing demand for financial services among expatriates.
Samreen Hussain
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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