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Start-ups in Asia
China, India, Southeast Asia and other Asian ecosystems.
Questions the analysis answers
- How has the funding balance between China and India changed?
- Which Asian companies are on the radar?
The assets on the radar in this domain
3 assets scored on the same 14 conditions: 0 with 10+ conditions met, 2 on watch (6–9) and 1 under 6. The scores are those of the frozen snapshot of 29 October 2026 (JSON file with a SHA-256 fingerprint). 1 have a weekly public price in our database.
| Asset | Category | Conditions | Score | Substance / form | Last price | Before the snapshot | Since the snapshot | Price source |
|---|---|---|---|---|---|---|---|---|
| ByteDance | Pre-IPO China | 9/14 | 7.14 | Substance without form | No public price: not listed (private market) | |||
| CATL (3750.HK) | Recently listed China | 7/14 | 7.1 | Substance without form | 338.8 HKD 2026-10-30 | -41.0% | from 2026-11-06 | Yahoo Finance · 3750.HK |
| Shein | Recently listed Singapore | 3/14 | 5.42 | Substance being confirmed | No public price: no public source | |||
Each asset, condition by condition
Open an asset to see the score on each condition, explained in plain words, and what it means in short.
ByteDance · Pre-IPO · 9/14 · Substance without form
Cheap relative to revenue, but high geopolitical and governance risk (TikTok US).
| # | Condition | Score | In plain words |
|---|---|---|---|
| C1 | Actually used | 10 | Genuinely used: real users or revenue, not just promises. |
| C2 | Launch from strength | 6 | The launch timing says nothing special, good or bad. |
| C3 | Healthy funding | 9 | Healthy funding: no investors able to flood the market. |
| C4 | Attracts skilled people | 9 | Skilled people and partners move toward it: value recognised from the inside. |
| C5 | Real customers | 8 | Customers come naturally and pay, not only for rewards. |
| C6 | Credible team | 7 | Credible team: has delivered and has no scandals. |
| C7 | Well-distributed supply | 4 | Many shares or tokens may soon hit the market and dilute holders. |
| C8 | Organic community | 8 | Organic community: people came for the product. |
| C9 | Obvious problem | 7 | Obvious problem: explained in one sentence, and people feel it. |
| C10 | Good entry price | 8 | Good entry price: cheap versus rivals, its peak or what it produces. |
| C11 | Balanced media | 4 | The press is euphoric: historically, euphoria often marked the top. |
| C12 | Healthy price and volume | 8 | Healthy price behaviour: stable or rising, backed by volume. |
| C13 | Few on the same bet | 5 | Some investors are positioned, but it is not crowded. |
| C14 | Low risks | 4 | High risks: lawsuits, scandals, regulation or geopolitics. |
CATL (3750.HK) · Recently listed · 7/14 · Substance without form
Peak HK$794.5 (Jun 2026) → -57% in ~4 months; -10% in one day on tax changes. Geopolitical risk.
| # | Condition | Score | In plain words |
|---|---|---|---|
| C1 | Actually used | 9 | Genuinely used: real users or revenue, not just promises. |
| C2 | Launch from strength | 7 | Did not rush: launched (or delays launching) from strength, not out of need for money. |
| C3 | Healthy funding | 8 | Healthy funding: no investors able to flood the market. |
| C4 | Attracts skilled people | 8 | Skilled people and partners move toward it: value recognised from the inside. |
| C5 | Real customers | 8 | Customers come naturally and pay, not only for rewards. |
| C6 | Credible team | 8 | Credible team: has delivered and has no scandals. |
| C7 | Well-distributed supply | 6 | Balanced supply, with some unlocks or issuance to watch. |
| C8 | Organic community | 6 | A real community, mixed with speculators. |
| C9 | Obvious problem | 9 | Obvious problem: explained in one sentence, and people feel it. |
| C10 | Good entry price | 6 | Fair price, with no clear discount. |
| C11 | Balanced media | 5 | Moderate press attention. |
| C12 | Healthy price and volume | 4 | The price is falling or erratic, without support. |
| C13 | Few on the same bet | 6 | Some investors are positioned, but it is not crowded. |
| C14 | Low risks | 6 | A few risks to watch, nothing serious. |
Shein · Recently listed · 3/14 · Substance being confirmed
2022 valuation: $100B. Failed listing attempts in the US and London; labour and tariff controversies.
| # | Condition | Score | In plain words |
|---|---|---|---|
| C1 | Actually used | 8 | Genuinely used: real users or revenue, not just promises. |
| C2 | Launch from strength | 3 | Rushed to market or listing, usually when enthusiasm peaked. |
| C3 | Healthy funding | 6 | Reasonable funding, with some risk of large sales. |
| C4 | Attracts skilled people | 5 | Attracts talent and partners at a normal pace. |
| C5 | Real customers | 6 | Customers are real, but part of the activity is artificially boosted. |
| C6 | Credible team | 5 | Credible team, but without a long track record. |
| C7 | Well-distributed supply | 5 | Balanced supply, with some unlocks or issuance to watch. |
| C8 | Organic community | 6 | A real community, mixed with speculators. |
| C9 | Obvious problem | 6 | The problem is real, but not very pressing. |
| C10 | Good entry price | 7 | Good entry price: cheap versus rivals, its peak or what it produces. |
| C11 | Balanced media | 3 | The press is euphoric: historically, euphoria often marked the top. |
| C12 | Healthy price and volume | 3 | The price is falling or erratic, without support. |
| C13 | Few on the same bet | 7 | Few on the same bet: still room for new buyers. |
| C14 | Low risks | 3 | High risks: lawsuits, scandals, regulation or geopolitics. |
Weekly prices (the database)
Every Friday, an automated GitHub routine downloads the closes from public sources and adds them here. Points older than a week are no longer changed, and every update stays in the project’s public history. Last update: 5 November 2026.
Backtest: what happened before the snapshot
Read with care: the scores were given on 29 October 2026, after this period. The chart shows the context in which the scores were given, not the radar’s performance. Real performance is measured only from the snapshot onwards (next section).
Computed automatically: in the two months before the snapshot, 0 of 1 assets with a public price rose. The median change was -41.0%, against -1.8% for S&P 500.
Since the snapshot: the radar’s performance
The first measurement runs automatically on Friday, 6 November 2026, against the close of 30 October 2026. From then on, the table above and this paragraph update weekly, with all assets, including those that fell.
Past performance is not a reliable indicator of future results. Prices before fees and taxes. This is not investment advice.
How we apply the 14 conditions here
The same algorithm as for crypto, companies and commodities: each condition gets a score from 0 to 10 and is met from 7. The weights are identical in every domain; only what we measure in practice changes.
| # | Condition | What we measure | Weight |
|---|---|---|---|
| C1 | Actually used | Real revenue, users or demand, not promises. | 16% |
| C2 | Launch from strength | The best don’t rush: they launch when ready. | 6% |
| C3 | Healthy funding | No investors who can sell heavily right away. | 6% |
| C4 | Attracts skilled people | Talent, partners and builders move toward it. | 8% |
| C5 | Real customers | Natural activity, not bought or subsidised. | 6% |
| C6 | Credible team | A record of finishing things, no scandals. | 8% |
| C7 | Well-distributed supply | Few shares or tokens waiting to flood the market. | 8% |
| C8 | Organic community | People who came for the product, not quick gains. | 4% |
| C9 | Obvious problem | Explainable in one sentence. | 6% |
| C10 | Good entry price | Room to grow versus rivals or versus cost. | 6% |
| C11 | Balanced media | Media euphoria has historically marked the top. | 6% |
| C12 | Healthy price and volume | A steady price while usage grows. | 6% |
| C13 | Few on the same bet | The less crowded, the better. | 6% |
| C14 | Low risks | No lawsuits, scandals or major geopolitical risk. | 8% |
Groundwork: official data
The data are being collected from official sources. We show no figure until it has a verifiable source.
Detailed analyses
Questions about the reasoning
Do you disagree with a score, or want to know why an asset is where it is? Ask. We answer with the weekly update, with sources, by email and, if you agree, here on the page.
Answered questions
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Sources
- Radar weekly database (CoinGecko and Yahoo Finance closes) (retrieved on 2026-11-05)