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February 6, 2023

Freestanding ice maker

Hi, it’s Edmund.

This week, I spoke with CEO of Novitee, Benjamin Yang, who shared more about the company’s new B2B digital marketplace, KoomiMarket.

Launched in October 2022, KoomiMarket is a one-stop procurement platform that helps F&B businesses source and purchase directly from food wholesalers.

By leveraging digital technologies such as AI, big data, and fintech solutions, the platform also aims to improve the efficiency and sustainability of the food supply chain in Southeast Asia. Notably, digitalization paves the way for interoperability, a characteristic that allows diverse services and devices to connect and exchange information, to enhance the overall transparency and traceability in the food production value chain.

To find out more about how KoomiMarket is catalyzing the digital transformation in the food industry, read the article here.

In The Bullet this week

The fitness tracker industry is set to grow at a CAGR of 15.4% from now until 2028, and health-tracking features are getting smarter with the integration of AI and IoT. But are we over-quantifying our health, and is tracking really effective in keeping us healthy?

Read Melody’s column here.


Chip glut to last most of 2023 while automotive crunch persists

Japan to relax rules on fast EV chargers, jump-starting rollout

Why 2023 could be the best—and worst—year for VCs in Asia

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