Startup success stories are mostly talked about. How about failed startups? Here’re 20 failed startups in Asia in 2015 and why they they didn’t survive.
Internet Penetration Rate 48.3%
Literacy Rate 94%
Vietnam, a country of over 90 million people with an internet penetration of over 37 million people is quickly becoming one of the most significant countries in Southeast Asia. But the country is ironic. Facebook is unofficially banned (behind a DNS block) but it is arguably the fastest growing Facebook country in the world (unlike China where it is completely blocked), adding one million new users per month. Amidst this sea of rapid change, a new community of startups has grown up with legends like VNG and Flappy Bird woven into the folklore of the country. It is unclear how the internet will evolve in Vietnam, but that’s what makes it more interesting.
Country data primarily sourced from World Bank's Data Bank.
Malaysia’s MaGIC Accelerator Program held its demo day this week where 50 startups from across the region pitched their business ideas to over 150 investors.
This messaging app allows you a private corner to interact with those you care for most. Vietnamese authorities find it too private and want to shut it down.
Apple is likely looking beyond China for new markets to tackle, and the signs are pointing to Southeast Asia.
Evolable Asia runs 3 travel websites of its own, but its search technology powers another 600 in Japan. It’s also a leading outsourcer of Vietnamese engineers.
Everyday, there are many people who launch a startup, and there are also people who shut down their companies. The openings are often loud and noisy, drawing so...
Singapore-based VC Expara and Microsoft Vietnam will team up to offer a 120-day startup acceleration program in Ho Chi Minh City.
I have been the founder of a small startup called Bookaholic Library for more than 2.5 years and sometimes I think of being a young entrepreneur as staying in a...
Did you know a lot of the region’s billionaires from other industries are moving into tech? Find out who they are!
More and more players are entering the mobile payments space in Southeast Asia yet most consumers aren’t biting. That’s about to change.
In 2009, two years after Vietnam joined the World Trade Organization (WTO), Fashion4Freedom (F4F) was founded by Vietnamese-American LanVy Nguyen to create a so...
The Singapore-registered startup currently operates in Vietnam and wants to spread to Southeast Asia in the next six months.
The fintech sector is booming worldwide, and investors are thrilled to jump on the bandwagon.
The startup graduated from JDFI.Asia’s accelerator program and is looking at some pretty favorable demographics in Vietnam. But competition remains afoot.
Rocket Internet's H1 2015 financials reveal a lot about Lazada, Zalora, Jabong, and Foodpanda.
A major Russian brain drain is driving entrepreneurs and VCs to Southeast Asia. That’s a good thing, say some experts.