why so?

Hope it is real sustainable performance in SEA. My fear is that it will be easier to run the "venture backed grow at all costs" model in Asia.

This sucks the oxygen out of the ecosystem, very anti-competitive, short-sighted and not great overall.

The operators involved do not learn to be real, thoughtful and long-term oriented. I have friends who were out-spent by newer venture-backed plays, which aren't doing that well either.

In short, the highs will be high, but the lows could be very bad too.