Unicorns in South and Southeast Asia have to tighten their belts as the impact of COVID has been prolonged, competition has become stiff, and the funding environment tougher, S&P Global noted in a report on Wednesday.
“The unicorns are having to prioritise now,” wrote S&P Global’s credit analyst Shawn Park in the report titled ‘The growing pains of South and Southeast Asian unicorns’. “They can’t continue spending if operational turnarounds are delayed.”
