China’s venture capital groups have increased their investment in south-east Asia tech start-ups more than fourfold this year as they eye opportunities in a region that is seeing increasing numbers of consumers come online.
The growth in spending comes as VC activity in China ebbs, and is helping fuel a boom among start-ups in the region.
Total VC investment in south-east Asia tech companies hit $3.4bn in the first half of the year, up more than 300 per cent from the same period a year ago, according to data from Refinitiv. Of that, Chinese firms poured in $667m, up from $148m in the same period in 2018.
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