Asia-Pacific start-ups adapt to drop in VC funding

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Asia-Pacific start-ups adapt to drop in VC funding
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The 2024 ranking highlights how health tech businesses continue to benefit from pandemic shifts

The long tail of the pandemic has led to lasting changes in many parts of the world. A slowdown in global economic activity, especially in China, as well as declines in industries that initially profited from lockdowns — such as consumer electronics and food delivery services — persist today. But many of the businesses in the FT’s latest ranking of the Asia-Pacific region’s fastest growing companies are those that continue to reap the benefits of consumer shifts since the start of the pandemic.

But, in Asia, many people still use them despite no longer being obliged to, while others wear them as a safeguard against air pollution. Telehealth is another area in which businesses have continued to do well. Even as medical service providers quickly shifted from teleconsultation back to their bricks-and-mortar business model, post-pandemic, some incorporated new changes.

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