Insight - South-East Asia shows the high cost of fast growth

Lacklustre performance: A Grab Food delivery rider using his smartphone while waiting for orders in Singapore. Grab posts a less-impressive 44% rise in sales as it continues to battle pandemic lockdowns. — Bloomberg

WITH China’s technology giants facing a plethora of struggles, South-East Asia was supposed to be the hip new market that offered a well of fast-growth companies.

That’s coming at a heavy cost.