Caixin
Jul 22, 2022 08:13 PM
BUSINESS

Investment Into Asia-Pacific Tech Startups Accelerated Last Year, Report Shows

Marina Bay in Singapore. Photo: VCG
Marina Bay in Singapore. Photo: VCG

Asia-Pacific tech unicorns and startups have been attracting investment at a faster pace, with the Chinese mainland retaining the top spot even as Southeast Asia catches up, a recent report shows.

Private investment in tech surged by two-thirds to $193 billion in 2021 in the Asia-Pacific, the highest on record, according to a report issued by accounting firm KPMG and banking giant HSBC Holdings PLC. The number of tech unicorns — startups valued at over $1 billion — in the region rose 25% year-on-year to over 450 in 2021.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST