In this episode of the 60/40 Podcast, the hosts dive deep into the recent drama surrounding Chocolate Finance, a fintech company in Singapore. They discuss the rapid rise of the company, its innovative product offerings, and the subsequent fallout due to marketing miscalculations and customer trust issues. The conversation also touches on the broader implications for the fintech industry, the role of influencers in shaping customer behavior, and the regulatory landscape. Finally, the hosts explore the current state of China's tech scene and Malaysia's ambitions in the AI and semiconductor sectors, concluding with reflections on the future of these markets. Timestamps 00:00 Introduction to the 60/40 Podcast 01:22 The backstory to the Chocolate Finance drama 03:50 Understanding Chocolate Finance's product 13:10 The challenge of instant liquidity 22:50 Challenges of frequent flyer promotions 28:50 The dangers of finfluencers and homogeneous population 36:06 The one thing that Chocolate did wrong 41:51 The rise of China's Seven Titans 51:55 Malaysia's AI and semiconductor industry potential Give us feedback or nominate topics & speakers at 6040podcast@techinasia.com.================= 60/40 is co-hosted by: Prashanth Ranganathan, Peter Bithos, and Maria Li Special thanks to our guest, Aleksey Mironenko ================= A podcast by Tech in Asia, a member of The Business Times

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