'Winter' is coming for Asia's unicorns in 2020

'Winter' is coming for Asia's unicorns in 2020

Gojek driver helmets are seen during Go-Food festival in Jakarta, Indonesia, October 27, 2018. REUTERS/Beawiharta

Asia’s unicorn boom slowed in 2019 in terms of the pace of creation and fundraising, as investors turned more cautious about fast-growing startups’ valuation following WeWork’s IPO debacle.