5-minute catch up: Top stories for November 16

Busy day, huh? We don't want you to miss out so here's a quick rundown of today's stories. 

Captain's Log, Nov 10: Uber CEO thinks SEA ride-hailing market is "over-capitalised"

Toutiao acquires Musical.ly, Singapore launches Skills Framework for ICT, and Angkas forced to shut down operation 

EMQ joins hands with WeChat Pay HK to expand remittance services to Indonesia

Indonesians living abroad can now use WeChat Pay HK to access various pay-out options, including instant cash pickup, bank deposits to any bank, or mobile wallet 

Own up to your mistakes: Grab Philippines Country Manager on dealing with crisis

Brian Cu of Grab Philippines talks about dealing with regulations, partners, and customers. 

Ensure balance between building your product and building the venture: Snapcart CEO

If you don’t have the right balance, you will find yourself firefighting without the necessary support that you need, which could jeopardise the sustainability of the business, he says 

Local services booking platform Kaodim raises US$7M led by Square Peg Capital, SIG

Kaodim, which operates as Gawin in the Philippines and Beres in Indonesia, will use the funds for product development and expansion into underserved markets in Southeast Asia 

Captain's Log, Nov 1: Korea launches nationwide blockchain-powered banking identification

Plus Remitly's US$115M, Revolution Precrafted's US$1B, and AsiaKredit's solution to the 80% 

Meet the 30 startups participating in the Unilever Foundry programme

Advertising and influencer marketing were a major theme of the companies chosen by Unilever 

[Infographics] E-commerce in the Philippines is a healthy mix between local and global

Lazada leads Philippines' e-commerce market, while majority of competitors are local players