Asian unicorns are trading 40% cheaper than 6 months ago in private markets

Asia’s most well known startups are trading 40% cheaper than six months ago in private transactions amid a rout triggered by Chinese regulatory headwinds and the global economic slowdown.  
 

The affected billion-dollar companies range from financial technology and e-commerce to mobility and consumer, according to AJ Patel, a senior member of the venture capital secondaries team of the Toronto-based advisory firm Setter Capital. 

“For some of the unicorns, we are seeing very limited demand,” Patel said, adding that bid offers are 25% to 50% lower compared with the firms’ latest fundraising valuations. He declined to disclose names. 

Asia has attracted more than