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

Senior Full Stack Engineer, US

LiveFlow

New York,

Full Time

USD 100000 — USD 200000 yearly

Frontend Software Engineer

Freshpaint

Full Time

USD 190000 — USD 230000 yearly

Content Writer

Reframe (Glucobit)

Georgia,

Full Time

USD 60000 — USD 75000 yearly

Founding Sales

Momentic

California,

Full Time

USD 150000 — USD 180000 yearly

Founding Sales Executive (First Sales Hire)

Corgea

California,

Full Time

USD 80000 — USD 140000 yearly

Founding Business Development Representative

Phonely

California,

Full Time

USD 80000 — USD 1000000000 yearly

Manager, Software Engineering (Product)

Ambient.ai

California,

Full Time

USD 180000 — USD 230000 yearly

Business Development Intern

Sorcerer

California,

Internship

USD 60000 — USD 120000 yearly

Senior Backend / Full Stack Engineer

BlueCargo

California,

Full Time

USD 160000 — USD 220000 yearly

Senior Software Engineer

Prequel

New York,

Full Time

USD 150000 — USD 220000 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).