SOUTHEAST ASIA ’ S UNICORN COUNT : 8 ( 5 IN INDONESIA , 1 IN THE PHILIPPINES , 2 IN SINGAPORE )
( TikTok ’ s progenitor ) and the company ’ s news platform Toutiao are wildly popular .
The flood of Chinese unicorns shows no signs of abating , with a number of smaller startups attracting significant attention . One such example is passenger drone manufacturer EHang , which is planning to raise $ 46mn via a US IPO . The company has conducted successful pre-commercial trials of the technology in its home city of Guangzhou .
SOUTHEAST ASIA ’ S UNICORN COUNT : 8 ( 5 IN INDONESIA , 1 IN THE PHILIPPINES , 2 IN SINGAPORE )
Southeast Asia ’ s startup scene is undoubtedly an attractive proposition , proved , for instance , by the news an American fund backed by rapper Jay-Z is investing in the region . It ’ s not the only American firm putting money into SEA . One of the largest tech investors in the region is San Francisco-based venture fund 500 Startups . It invests through its 500 Durians funds , named after the divisive fruit from the region , which is either a delicacy or evocative of rotten flesh , depending on whom you ask .
37 asia . businesschief . com