Coronavirus stalks Southeast Asia's once-thriving unicorns

Coronavirus stalks Southeast Asia's once-thriving unicorns

A unicorn pinata mounted on a bicycle. Photo: Boudewijn Huysmans

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.

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