Tech investors test South-east Asian waters in the wake of SoftBank vacuum
Add BT as a preferred source
SOME global investors who missed the South-east Asian venture boom are now quietly betting on the region’s startups, attracted by saner valuations and a chance to tap a rising market.
The step-up in activity is rippling across the world, from Gulf funds to South Korean companies. This comes as heavyweight foreign investors who were active during the boom stop or slow down investments, amid macroeconomic pains.
South-east Asia experienced rapid growth from 2019 to 2021 as international tech investors rushed in, contributing to some US$41 billion poured into the region, Preqin data showed.
TRENDING NOW
MAS eases family office tax rules, widens AML checks as Singapore vies for global wealth
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
SGX’s record year masks Singapore’s equities challenge
