Despite the disruption caused by the coronavirus pandemic, the likes of #Facebook, #Google and #Microsoft have cut a swath of deals to invest in #Indonesia's unicorns, private companies valued at over US$1 billion. #Investments in companies such as #Gojek, Indonesia's largest tech company, as well as e-commerce platforms #Tokopedia and #Bukalapak this year are set to reach hundreds of millions of dollars.
The investments are testament to how far Indonesia has come in terms of its #digital ecosystem, and to its growth potential. Its internet economy has grown more than fivefold in five years to be worth US$44 billion in 2020, by far the biggest in the region, according to a report by Google, Temasek and Bain & Company. The market will be worth US$124 billion in 2025, according to the report.
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The investments are testament to how far Indonesia has come in terms of its #digital ecosystem, and to its growth potential. Its internet economy has grown more than fivefold in five years to be worth US$44 billion in 2020, by far the biggest in the region, according to a report by Google, Temasek and Bain & Company. The market will be worth US$124 billion in 2025, according to the report.
Access @nikkeiasia article via our Twitter post.
#StaySafe #StayHealthy
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