CXA Group

Vietnam
cxagroup.com
Tech

Layoff Date:

March 24, 2021

Laid Off Employees:

70

Laid Off Percent:

Source: Tech in Asia
Hello readers, The new cool in the startup world: Being SaaS-y. And yes, by SaaS, I mean software-as-a-service. Take for example the popular video conferencing platform Zoom, which has recently begun licensing its technology to other companies. And here's another example: Singapore-based insurtech startup CXA Group sold its lucrative brokerage service to go full SaaS. But while the firm said that its new business model is leaner and more profitable, it recently laid off its whole Vietnam team. What's going on? Today we look at: AD. Remove this ad space by subscribing. Support independent journalism. Why CXA Group is shutting down its tech hub in Vietnam What's happening in Myanmar's tech community? (This was a difficult story for our journalist Simon Huang to research, do interviews for, and write, given the humanitarian crisis that the country is going through. Our hearts are with the people of Myanmar.) Other newsy highlights, such as Tencent's woes over the merger of Huya and Douyu, and the Netflix of Indonesia looking to go public via SPAC
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