Singapore has overtaken China as the top startup ecosystem in the Asia-Pacific region, the Global Startup Ecosystem Index 2022 has revealed.
Globally, Singapore moved up three places in the rank to the seventh spot.
Singapore was able to push down China due to its impressive total score of 23.408, which is 13% higher than the latter’s score. Last year, China’s score was 10% higher than Singapore’s.
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How TikTok powers cross-border shopping for Singapore retailers
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