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Southeast Asia hosting more unicorns as internet economy takes off

China's big-tech crackdown likely reinforces global investors' interest in region

Singapore and other nations in Southeast Asia are hosting ever more unicorns as internet economy takes off. (Photo by Ken Kobayashi)

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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