The $7.4 Billion Lie
You have seen the number this week, probably five or six times, from five or six people who all copied it from the same report. Southeast Asian tech funding hit 7.4 billion dollars in the first half of 2026. More than double last year. Recovery is here, the drought is over, break out the good coffee.
It is true. It is also one of the most misleading true things I have read all year. Because 4.5 billion of that 7.4 billion went to a single company. One. A data-centre operator. Take that one company out, and on the exact same set of numbers, the region did not double. It went sideways, and…
The skinny
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