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Southeast Asian tech hubs race to become the next Silicon Valley

Phoenix

Southeast Asia’s tech startup scene is getting hotter by the year. Money is pouring in and valuations are soaring as investors bet big on the region’s rapid growth, huge markets and youthful, mobile-savvy consumers.

With so much at stake, cities from Singapore to Vietnam’s Ho Chi Minh City are competing to become the next Silicon Valley — home not only to successful startups but also to the mentors, investors and institutions that support them.

The Nikkei Asian Review looked at criteria ranging from number of startups to cost of office space and selected the five cities below as the hottest places for innovation in Southeast Asia.

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