Indonesian e-commerce firm @bukalapak said South Korea’s Shinhan Financial Group Co Ltd joined its latest fundraising round that valued the #startup at over $2.5 billion.Surging smartphone use and rising middle-class income in a country of 260 million people have made Indonesia’s #ecommerce industry a battleground for foreign investors.
The archipelago’s #internet economy is the region’s fastest-growing and is likely to be worth $133 billion by 2025, showed a 2019 report by Alphabet Inc’s Google, Singapore state investor Temasek Holdings (Private) Ltd and global business consultants Bain & Co.
Access @reuters article through our Twitter account @iipc_newyork.
#InvestIndonesiaNOW
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The archipelago’s #internet economy is the region’s fastest-growing and is likely to be worth $133 billion by 2025, showed a 2019 report by Alphabet Inc’s Google, Singapore state investor Temasek Holdings (Private) Ltd and global business consultants Bain & Co.
Access @reuters article through our Twitter account @iipc_newyork.
#InvestIndonesiaNOW
View on Instagram