TOKYO -- Southeast Asia seems to be establishing itself as a major ecosystem for startup growth, side by side with India, as China loses some of its luster as an investment destination following its harsh crackdowns on internet giants.
According to figures compiled by DealStreetAsia, this year through Oct. 12 as many as 15 venture-capital-backed startups in the region had freshly succeeded in fundraising at a valuation of $1 billion or more, gaining the title of "unicorn."
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