Southeast Asia is entering the unicorn zone, says Asia Partners’ Nick Nash

Southeast Asia, home to 650 million consumers across 10 countries, is about to enter the unicorn zone and will spawn the next wave of startups valued at $1 billion or more, said Singapore-based private equity firm Asia Partners’ co-founder Nick Nash.

“The last big country to go through the unicorn zone successfully was China from 2003 to 2013. As the US’s moment is slowing down, China has left its unicorn zone and the trade war is beginning, Southeast Asia’s moment has just begun. We’ll be looking at a dozen unicorns [to emerge out of the region].

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