Source | Linkedin | LinkedIn Daily Rundown (Asia)
The news professionals in Asia are talking about now, curated by LinkedIn’s editors. Join the conversation on today’s stories in the comments and share the Daily Rundown with your network.
The debacle that ousted WeWork’s chief executive as well as Uber’s initial public offering (IPO) flop has led investors to question if Asia’s unicorns are overvalued, Nikkei Asian Review reports. The last listing of a Chinese unicorn in the US, Tencent-backed Douyu, is trading at about 20% below its IPO price, while investors at a recent summit noted “the high valuations of some cash-burning startups in Southeast Asia”. There are eight unlisted startups valued at over $1 billion in Southeast Asia, including Indonesia’s Tokopedia and Singapore’s Grab.• Here’s what people are saying.
Also: GoJek, the Indonesian ride-hailing and payments unicorn, has launched a video streaming service in its bid to compete with Netflix and become Southeast Asia’s do-it-all app.