What's next for China's tech investment into Asean?
YES, South-east Asia's technology could be a winner from Chinese investment pivoting from Silicon Valley following the latest US tariffs. But this argument downplays the region's pull as an investment destination in its own right.
2018 was already a high watermark year for South-east Asian technology investment with inbound flows across the 10-member countries of Asean reaching a record S$11 billion - almost doubling the S$5.8 billion invested in 2017 - according to Singapore-based venture capital firm, Cento Ventures.
Among this, China's tech giants caught the lion's share of the headlines with the likes of Alibaba and Tencent Holdings and JD.com entering the region.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think