Start-up investment in Southeast Asia doubles despite COVID-19

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Investment in start-ups in Southeast Asia soared in the second quarter of this year despite the COVID-19 pandemic, led by e-commerce and fintech companies. Data from Singapore-based start-up information platform DealStreetAsia showed the value of fundraising deals in Southeast Asia rose 91 percent on the year to 2.7 billion USD in the second quarter of this year, while the number of transactions increased by 59 percent to 184 compared to the same period last year. Of these, Indonesia topped in deal value, accounting for 45.6 percent. Singapore ranked second, followed by Vietnam, the Philippines and Myanmar. E-commerce topped the chart...