The “e-Conomy SEA 2019” report by Google, Temasek Holdings Pte, and Bain & Co lists Indonesia as the largest and fastest-growing digital economy in Southeast Asia. The report calculates that the country’s digital economy size has grown fourfold since 2015 to $40 billion in 2019, with an average growth of 49% annually. By 2025, Indonesia’s digital economy size is forecasted to reach $130 billion. It is followed by Vietnam, which has become the second fastest-growing digital economy, growing 38% annually since 2015 and amounting to $12 billion in 2019.
Tokopedia is one of the key players in Indonesia’s digital economy. The company is valued at $7 billion after receiving a $1.1 billion Series G funding round led by its existing investors Softbank and Alibaba in 2018. The business that started as a modest e-commerce site has already expanded beyond a platform for trading goods. William Tanuwijaya, 38, the founder and CEO, even claims that the company is no longer just an e-commerce company, but an ecosystem or a digital city. Besides hosting merchants who sell consumer goods, the platform also caters to financial needs like bill payment, electronic money top-up and investment, entertainment needs like hotel booking and vouchers for events or amusement parks, as well as logistics needs with warehouses for sellers.
Denne historien er fra January 2020-utgaven av Forbes Indonesia.
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Denne historien er fra January 2020-utgaven av Forbes Indonesia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
