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Emerging giants thrive in Asia-Pacific's sandbox

Startups achieve regional scale through alliances rather than M&A

| Southeast Asia
A shopper scans the QR code of the digital payment services OVO in Jakarta: A combination of new opportunities is allowing new companies to achieve unprecedented scale and reach. (Photo by Dimas Ardian)

Surendra Rosha is co-chief executive of HSBC Asia-Pacific.

Asia's economy is undergoing a transformation as services take over from manufacturing as the main engine of economic growth. This change, driven by the rise of new technologies and heightened prosperity, has created a fresh generation of businesses: the emerging giants of Asia's new economy.

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