SINGAPORE -- When Grab Holdings, Southeast Asia's largest ride-hailing operator, announced its first quarterly net profit last month, it was supposed to signal the company's resurrection.

Startups in Southeast Asia are struggling to navigate a post-pandemic lull in tech investment, after recieving huge injections of funding from SoftBank Group's now ailing Vision Fund. © Illustration by Yoshiko Kawano
Tied to the fortunes of SoftBank's Vision Fund, tech sector must now sink or swim