Most of the startup ecosystems in Southeast Asia are still working to catch up to China, the US and Europe. That being said, in countries like Malaysia, stakeholders are asking questions that make it clear the market has matured.
A major report from iKnewit was asking questions like, “will a Malaysian startup make US$100 million in revenue this year?” Not only is this a legitimate question, it could reasonably happen. For Malaysia, the debate itself proves that the market has developed.