The Business Times
SUBSCRIBERS

Chinese VCs sanguine on Asean despite Covid-19 and geopolitical headwinds

Long-term interest still robust despite 2019 dive in such VC deals

Sharanya Pillai
Published Thu, Jul 30, 2020 · 09:50 PM

Singapore

THE inflow of venture capital (VC) from China into South-east Asia may slow down this year, but interest is likely to remain robust into the longterm, given the region's accelerated digital adoption amid the Covid-19 pandemic, industry players have told The Business Times.

This trend comes as Chinese tech companies are expected to further deepen ties with South-east Asia while trade tensions escalate with the US and India. India banned 59 Chinese apps in late June, including the popular TikTok and WeChat, following border skirmishes.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Startups

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here