For investors rattled by Beijing’s tightened regulatory control over its tech sector, Southeast Asia is emerging as a top alternative destination.
“I think there are many Chinese founders — especially in e-commerce, but really across all sectors — that are now looking at globalising [their businesses] with much more seriousness,” said Rui Ma, founder of Tech Buzz China during a panel discussion titled ‘How China’s crackdown on tech will play out in the long-term’ at the Asia PE-VC Summit 2021 in September this year.