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OPINION

The East Wind is blowing: SE Asian startups should target China

Most local startups do not seem knowledgeable about the unique characteristics of China's internet economy.

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China already has about 100 "unicorns" (startups valued at US$1 billion or more) - very closely trailing the United States.

SINGAPORE startups have been trying hard to replicate the success seen in other parts of the world, while largely writing off one of the world's largest markets - China. To become the next "unicorn", startups should pay more attention to the troika of Baidu, Alibaba and Tencent ("BAT" for short...

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