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Some developing countries initially benefit from low-cost advantages, but struggle to catch up with other nations once they reach a certain stageThe current debate in China centres around the question of whether it needs to close a significant gap with the West in terms of development
February 23, 2021 Huy Truong The term “unicorn”, used to describe start-ups worth more than US$1 billion (S$1.3 billion), had not even been coined in 2009, when Stanford MBA graduate Forrest Li began working on his new gaming company with nearly a dozen employees – all cramped in a tiny shophouse in Singapore’s central business district. Garena, his fledgling gaming company, kept a low-key profile, though its almost immediate success meant investment rounds and expansion plans came thick and fast. Soon Garena outgrew its small outfit on Maxwell Road, then a move to a two-storey pentho...
Why the rise of Singapore’s tech giant Sea has been a hot topic Illustration: Huy Truong The term "unicorn", used to describe start-ups worth more than US$1 billion, had not even been coined in 2009, when Stanford MBA graduate Forrest Li began working on his new gaming company with nearly a dozen employees - all cramped in a tiny shophouse in Singapore's central business district. Garena, his fledgling gaming company, kept a low-key profile, though its almost immediate success meant investment rounds and expansion plans came thick and fast. Soon Garena outgrew its small outfit on Maxwell R...