Southeast Asia startups can survive crunch with focus on unmet needs

Alignment with evolving priorities can produce social impact and business growth

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A park in Manila: By providing digital services like mobile wallets and online health care, startups are helping bridge social gaps. © Reuters

Ernest Cu is president and CEO of Globe Group, a Philippine telecommunications and digital services company.

Southeast Asia has been fertile ground for tech startups in recent years. Over the past decade, a number of them have achieved "unicorn" status by reaching valuations of more than $1 billion, including popular ride-hailing and food delivery apps and e-commerce platforms.

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