From Shanghai to Mumbai, tech chiefs race to contain SVB fallout

And while the direct impact to Asia is limited because of SVB's focus on Silicon Valley, the collapse is set to affect the banking industry's credibility

Asia’s tech leaders, half a world away from the chaos that’s engulfed Silicon Valley, are scrambling to assess the potential ramifications for an industry that’s always relied heavily on US capital and connections to supercharge growth.
 

Financiers and entrepreneurs packed the Shangri-La’s ballrooms during a global Wharton alumni gathering in Singapore, huddling in groups and tables over gourmet buffet meals with the latest news on Silicon Valley Bank’s spectacular implosion on Friday a main topic of conversation.

In Mumbai, startup founders and investors at a conference talked about nothing else, exchanging rumors about which fledgling company might be the