SINGAPORE -- There has been a wave of startups in Singapore that hope to emulate the successes of Sea, a global internet consumer company with a market capitalization of more than $200 billion, and Grab Holdings with its food delivery and digital payments app.
Singapore offers many advantages beyond its central location and easy access to other Asian markets and English-speaking economies. Government efforts to lure foreign capital -- including tax breaks -- have made the island-state a haven for tech startups.
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