ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Big game: For years, Southeast Asia's young companies were fueled by billions of dollars in venture capital from growth-chasing investors, including SoftBank Group's controversial $100 billion Vision Fund.   © Illustration by Parvati Pillai
The Big Story

Coronavirus stalks Southeast Asia's once-thriving unicorns

For Gojek, Grab and more, quest for profit becomes struggle for survival

SHOTARO TANI, WATARU SUZUKI and PETER GUEST, Nikkei staff writers | Southeast Asia

JAKARTA/TOKYO -- Car-leasing startup Smove was startlingly popular and easy to use, even in expensive and rule-bound Singapore. With the tap of a prepaid card, anyone could jump in a vehicle off the street, start it with a push of a button and drive for as little as $1 per quarter hour.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more