Beyond Valuations: Can Central Asia Build Globally Competitive Startups?
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May 8, 2026
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ALMATY — In emerging markets, companies have increasingly been able to reach billion-dollar valuations without ever proving that they can compete globally, raising a more uncomfortable question for regions like Central Asia, where total GDP remains under $500 billion and domestic markets are relatively small: what actually separates a company that is valuation-rich from one…
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