Our thoughts on the scandals in Indonesia’s VC-startup ecosystem

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Scandal after scandal has rocked the ecosystem, and now the TaniHub probe has led to the detention of three high-profile executives. Why did this happen—and what must the ecosystem do next?

Our thoughts on Grab’s 2025 Q2 results

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Grab’s latest results reinforce a now-familiar narrative: steady GMV, growing user base, and deeper monetisation plays.

Will Meituan’s Keeta come to Singapore, or Southeast Asia?

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Meituan’s Keeta is expanding into Brazil and the Middle East after strong gains in Saudi Arabia. There are many speculatipns on whether or not it will enter Southeast Asia. - we think it seems to be only a matter of time.

How does Beijing really see China’s quick commerce subsidy war?

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China’s quick commerce giants hit 230M+ daily orders amidst a subsidy war, but the Beijing government's stance is nuanced. People’s Daily praises short-term gains for consumers and small shops—while warning that only innovation ensures long-term success.

JD.com founder: We will help 1000 Chinese brands go overseas

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On 17 June 2025, JD.com founder and chairman Richard Liu met a group of media at the company’s headquarters in the outskirts of Beijing....

Luckin Coffee lands in New York: Can it take on Starbucks...

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China’s Luckin Coffee is opening its first two stores in the United States - both in New York City. Its USA app is already...

Behind SCI Ecommerce’s CEO shake up

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This article is translated and updated from a blog post in Chinese that Momentum Works published last week on WeChat platform. The update includes...

What is behind PDD’s big earnings miss

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PDD Group delivered another shock to the market in its Q1 2025 earnings, announced on Tuesday (27 May). Revenue growth was significantly behind market...

Behind TikTok Shop’s US layoffs

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Last week, news circulated that TikTok Shop was preparing for layoffs in the US market. A letter from Mu Qing was widely circulated:  Over the...

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