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People Digest: Shiyu Wang to co-lead TMT team at Qiming; Avina Sugiarto joins East Ventures

Southeast Asia s start-up scene shows increased investment potential, says venture capital firm

Southeast Asia s start-up scene shows increased investment potential, says venture capital firm CNBC 2 hrs ago Karen Gilchrist Southeast Asia s start-up scene is presenting increased investment potential as the pandemic has shifted dynamics, one of the region s leading venture capital firms said. Roderick Purwana, managing partner at Indonesia-based East Ventures, told CNBC the downturn has created a lot of opportunity, with many new start-ups being formed in the region. In particular, new businesses related to digital adoption, including education technology, health technology and financial technology, have been a success story, he said. Southeast Asian start-up valuations remain reasonable despite some froth, says VC

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