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Southeast Asia Startup Ecosystem Continues to Prosper Post-Pandemic

ReadWriteStart

As per a report by Google, Temasek Holdings, and Bain & Company, as many as 40 million people in six countries across the region — Singapore, Malaysia, Indonesia, the Philippines, Vietnam, and Thailand — came online for the first time in 2020. Also, one billion new customers can be added to this market by 2040.

Asia 171
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Innovation: The Key To Entrepreneurial Success

YoungUpstarts

Unleashing creative thinking helps drive businesses forward, improve customer value propositions and identify new opportunities that deliver on the needs of our ever changing customers. Be agile and adapt to changing market needs – your customer’s needs are not static and they will continue to evolve.

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4 Ways Sales Can Help Your Company Offset Losses From Trump’s Trade Wars

YoungUpstarts

Companies buying or selling products or parts across international boundaries are likely to see higher costs which, without effort, must be passed onto the customer. Your sales team should also investigate alternate ways of bringing value to the customers. These paradigm shifts are very real and demand a proactive response.

Sales 113
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Starting Up In Singapore (Part I) – Product/Market Fit

YoungUpstarts

The business may either start in Singapore and quickly venture outwards OR it starts in a larger regional market e.g. Indonesia from day one. Some founders go GD1 whilst still based in Singapore, some make their move to the US to be closer to their users/customers. E.G. Reebonz, BuzzCity, Groupon Singapore etc.

Singapore 178
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These Are The Most Exciting FinTechs To Emerge In Southeast Asia

YoungUpstarts

The countries are Singapore (490 FinTechs), Indonesia (262 FinTechs), Malaysia (196 FinTechs), Thailand (128 FinTechs), Philippines (115 FinTechs), and Vietnam (77 FinTechs). As a result, customers can be sure that their policies, savings, and investments are safe. million customers in Vietnam. MoMo has gained over 2.5

Asia 138
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5 Mistakes We Made While Growing A Startup In Southeast Asia

YoungUpstarts

Also, in Southeast Asia the Islam is the dominant religion in most countries such as Indonesia and Malaysia which means that a lot of your Southeast Asian team members may not consume alcohol. Another example of being conscious about cues is the custom of removing one’s shoes when entering the home.

Asia 100
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Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank

But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. China, Russia, Brazil, India, Indonesia all meet those criteria. Filed under: Business Model versus Business Plan , Customer Development.

Global 335