Asia signal boardGlobal Unicorn Index 2025: AI Reshapes the Valuation Landscape, Asian Divergence IntensifiesUS-Indonesia Trade Agreement and RCEP: Why Asian Supply Chains Need an Institutional AnchorVietnam’s manufacturing industry in the first half of 2026: The leap from “world factory” to “regional engine”

Emerging IndustriesAsia-wide

Global Unicorn Index 2025: AI Reshapes the Valuation Landscape, Asian Divergence Intensifies

According to the Hurun Research Institute's "2025 Global Unicorn Index", the number of unicorns worldwide reached 1,523, a record high, but growth momentum is highly concentrated in the United States and China. AI has become the core driving force, with OpenAI, xAI and others surging ahead; within Asia, there is clear divergence, as China accelerates its hard tech transformation, India's numbers decline, and emerging markets have yet to achieve a breakthrough. This article analyzes the changes in the global unicorn landscape and their profound impact on regional innovation ecosystems from an Asian business perspective.

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Asia Markets
Policy & Trade

US-Indonesia Trade Agreement and RCEP: Why Asian Supply Chains Need an Institutional Anchor

A US-Indonesia trade agreement was struck by a US Supreme Court ruling the day after it was signed, exposing the fragility of bilateral arrangements. This article analyzes how the RCEP, with its institutional framework and cumulative rules of origin, has become the true cornerstone of stability and resilience in Asian supply chains.

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