What do Jews, Chinese and Indians have in common?

In Economy, EDB on 13/04/2022 at 10:07 am

The fantastical beast that is the unicorn find them almost as friendly to unicorns as the residents of Silicon Valley, London, Paris or Berlin.

Beijing, Bengaluru, S’pore and Tel Aviv are places where unicorns are bporn and thrive.

And there’s all to play for S’pore

Some 60m South-East Asians, nearly a tenth of the region’s population, became new netizens in the past two years alone, according to Bain, a consultancy. The number of companies in India and South-East Asia generating $100m of annual revenue has jumped by an order of magnitude in recent years,

In S’pore and SE Asia, the unicorns that thrive are those in fintech and consumer.

These adapt existing Western business models (think Uber, Amazon and Airbnb) to local market conditions. as consumers in SE Asia become willing to pay for “technification of services”: a form of ang moh tua kee, methinks.


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