40 companies that are beating the West

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40 companies that are beating the West

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Faster, smarter, more adaptable: These emerging market pioneers are outmaneuvering Silicon Valley for global domination.

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The accomplishments of tech startups from regions beyond the Western world often go unnoticed and uncelebrated in the United States.

Tech startups hailing from regions beyond the Western world demonstrated the viability of a particular business model in developing economies that were disregarded by external observers.

The most widely used social media platform in Vietnam isn't Facebook or TikTok; it's Zalo, boasting an impressive 87% adoption rate.

Tech startups originating from regions outside the Western world achieved success by recognizing opportunities and seizing them without waiting for Silicon Valley to cater to local demands.

One of the earliest online food delivery platforms was Talabat, founded by a group of Kuwaiti students in Cairo in 2004. This was three years before the iPhone was introduced to the market.

Entrepreneurs in cities like Buenos Aires, Lagos, and Jakarta are not only establishing businesses that generate substantial economic opportunities and value but are also going head-to-head with Silicon Valley to capture users and expand within these markets, and they are coming out on top.

The world's largest digital bank isn't HSBC; it's Brazil's Nubank, which reported revenue close to $5 billion last year.

For years, tech startups from regions outside the Western world have been consistently producing billion-dollar companies and groundbreaking innovations.

TikTok may have been the initial international tech platform to trigger a significant concern regarding American competitiveness, it is unlikely to be the final one.

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10

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05

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2023

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12

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00

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https://restofworld.org/2023/rest-vs-west/

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Anup Kaphle

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The world's largest digital bank isn't HSBC; it's Brazil's Nubank, which reported revenue close to $5 billion last year.

News

The accomplishments of tech startups from regions beyond the Western world often go unnoticed and uncelebrated in the United States.

News