Jul 22, 2022 08:13 PM

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.

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