Asian Unicorns Are Trading 40% Cheaper in Private Markets

(Bloomberg) — Asia’s most well-known startups are trading 40% cheaper than six months ago in private transactions amid a rout triggered by Chinese regulatory headwinds and the global economic slowdown.

The affected billion-dollar companies range from financial technology and e-commerce to mobility and consumer, according to AJ Patel, a senior member of the venture capital secondaries team of the Toronto-based advisory firm Setter Capital.