TOKYO -- Asia's unicorn boom slowed in 2019 in terms of pace of creation and fundraising, as investors became more cautious about fast-growing startups' valuations following WeWork's initial public offering debacle.
Startups
'Winter' is coming for Asia's unicorns in 2020
New billion-dollar startups halved in 2019 as ‘WeWork turmoil’ sweeps the region
Grab and Gojek, both companies raised smaller funds in 2019 than in 2018, according to startup database Crunchbase. (Photo by Kosaku Mimura)
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