Tech unicorns in Southeast Asia are more similar to those in China more than their counterparts in the West, say Pelago Capital and Nikaia Ventures.
The two Asia-based investment and advisory firms co-published an infographic today, comparing a number of Chinese unicorns to their Southeast Asian peers and dividing them into five categories: kings, warlords, magic ponies, gladiators, and anomalies or outliers.
Kings are companies that have already won their respective battles. Warlords are companies fighting for dominance in the largest categories. Magic Ponies are companies that support large businesses and valuations, and are also in the running to become the next unicorns. Gladiators are companies in industries or verticals that can only support one winner. Anomalies/Outliers are companies considered the ‘true innovators’ with no real equivalent in China.
Image courtesy Pelago Capital and Nikaia Ventures
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