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ORIGIN | Startup opportunities abound in Southeast Asia

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Jeff Lusk
Jun 28, 2019 10:20
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Signs indicate that Southeast Asia is becoming a hotbed for growth among startups and opportunities are plentiful in the region, Kenneth Tan, Vice-president of Gobi Partners, told a packed house at TechNode’s ORIGIN conference, held during Malaysia Tech Week 2019.

“A lot of startups in Southeast Asia are growing positively and this is very encouraging because it shows that the whole ecosystem is progressing,” he said during a panel discussion moderated by Navin Danapal, the SEA Director of accelerator venture capital SOSV.

As Southeast Asia’s digital economy is forecasted to triple in size to reach RMB 1.2 trillion ($240 billion) by 2025, according to TechCrunch, it has become a highly scrutinised and favoured region among both investors and businesses considering expansions.

The panel discussion took off with a focus on the tech landscape synergies between China and SEA.

“Firstly, there is a need to understand the reason why companies in China will consider SEA,” said Tan, adding that the situation is very much like that of China many years ago.

With a young population, increasing GDP per capita and rising internet penetration rate, this region is very attractive, said Tan.

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Jeff Lusk
Jun 28, 2019 10:20
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