China is proactively nurturing ASEAN unicorns

Non-US unicorn start-ups warrant a 50% share of global unicorns since August 2017


BEAM Team

29 Nov, 2017

China is proactively nurturing ASEAN unicorns | BEAMSTART News

- From our Sponsors -

Data from US-based a study by CB Insights reveal that non-US unicorn start-ups warrant a 50% share of global unicorns since August 2017, a steady increase from just 37% since 2014, suggesting the United States is no longer a player in nurturing start-ups.

China now leads with 56 unicorns and followed by India with 10, with both nations being prime targets for international investment funds. Korea ranks 3rd with 3 unicorns, and Singapore and Indonesia have 2 each. On the contrary, those unicorns in the two Southeast Asian nations all require financial backing from China's technology titans.

Related: Join Entrepreneurs and Investors at Entrepreneurs Retreat 2018

Currently, 1/4 of global VCs emerge from Silicon Valley. However, as China already invested US$ 72 billion or 21.4% of total global VC funds in 2016, the nation is expected to dethrone the United States as the world's leading source of funding. 

In reality, China's technology titans for example, Alibaba, Tencent and Baidu have actually been proactively funding start-ups, with Tencent especially, having actually invested in 19 unicorns, exceeding the 13 companies invested by Sequoia Capital of Silicon Valley.

In May 2016, Google and Singapore-based Temasek Holdings collectively released a review on the digital economy of Southeast Asian Nations (ASEAN), revealing that overall digital investments by ASEAN countries currently exceeded US$ 200 billion.

Related: Should Your Small Business Adapt Cryptocurrency?

Start-ups in the ASEAN amassed fundings of US$ 3.1 billion in 2016 and taken in far more new investments of almost US$ 5 billion in the first 7 months of 2017 alone. Singapore-based on-demand ride-hailing platform, Grab, has actually acquired US$ 3.44 billion in funding, and the on-demand Indonesian motorcycle start-up Go-Jek has acquired US$ 1.75 billion in funding, with both companies currently on the name list of international unicorns.

Besides Japan's Softbank, China's big 4 Internet giants BATJ (Baidu, Alibaba, Tencent and JD.com) have actually invested majority of the funds.

Related: Tencent aims e-payment launch in Malaysia early 2018

- From our Sponsors -

Latest Jobs

Finance & Internal Ops Lead

Glimpse

New York,

Full Time

USD 140000 — USD 220000 yearly

Head of Accounting

SafetyWing

Full Time

USD 90000 — USD 144000 yearly

Accounts Payable- Associate

Kodo

Maharashtra,

Full Time

USD 300000 — USD 500000 yearly

Data Acquisition Specialist (Colombia location)

Veryfi, Inc.

Antioquia,

Full Time

USD 24000 — USD 36000 yearly

Senior Software Engineer

Morphle Labs

Karnataka,

Full Time

USD 2500000 — USD 4000000 yearly

Senior Backend Engineer

Vapi

California,

Full Time

USD 150000 — USD 300000 yearly

Account Manager

Hona

Utah,

Full Time

USD 80000 — USD 85000 yearly

Founding Applied Research Engineer

FurtherAI

California,

Full Time

USD 150000 — USD 220000 yearly

Sr. Software Engineer - Product

Luminai

California,

Full Time

USD 170000 — USD 250000 yearly

Database Engineer — Postgres Internals

ParadeDB

New York,

Full Time

USD 120000 — USD 250000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).