How Japan turbocharges tech across Southeast Asia

Southeast Asia’s homegrown ride-hailing app has taken in a lot of Japanese cash. Photo credit: Grab.

When you think of Asia’s tech industry, you’re likely envisioning that it’s fuelled largely by Silicon Valley or Chinese money – but that’s not the case.

It’s actually Japan that’s turbocharging tech growth across the region – particularly in Southeast Asia.

That’s the assessment of my colleague David Corbin, giving the opening keynote today at Tech in Asia Tokyo 2017. Digging through figures from our database, he sees both Japanese venture capital firms and major corporations as playing a hugely influential – and fast growing – role in Southeast Asia’s burgeoning tech scene.

Here’s the big picture of Southeast Asia’s growth:

Photo credit: Tech in Asia.

While China has a significant influence on Asian tech (involved in 27 percent of 2016 deals), it’s not the number one force on the continent.

Photo credit: Tech in Asia.

Number one is actually Japan, with a finger in 32 percent of deals.

Photo credit: Tech in Asia.

It shows Japan is not as “insular” as some people think. “That’s not the whole story,” points out Corbin.

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