Indonesia's technology market is at an inflection point and could grow exponentially to reach between $200 billion and $300 billion in the next two to three years, said John Riady, director of Lippo Group — one of the country's largest conglomerates.
"Indonesia is the most exciting digital and technology market in Asia and arguably the world," Riady told CNBC's"When our group first invested in technology in 2012, the size of the entire technology market in Indonesia was approximately $100 million. That same asset class today is about $40 billion," he added.
Lippo Group is founded by Riady's grandfather. The conglomerate has businesses in a wide array of sectors including real estate, retail, health care and telecommunications.
digital payments platform. He said Indonesia is close to an inflection point of technology similar to that which China saw in the early 2000s, when tech adoption rose rapidly. Indonesia is the second-largest economy in Southeast Asia and the world's fourth-most populous country with more than 275 million people. The country is home to several so-called unicorn start-ups — or private companies valued at $1 billion and above — including e-commerce firm Bukalapak and OVO,Investors have said the country's growing internet users and expanding middle class are conditions ripe for a digital boom.
That's like 1 / 10th of Apple.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
they are usually window NT version
So it's ok for the tech of the supposedly evil Western infidel nations.
Residents of Ngan Zun Tsp, Mandalay Region, staged a mango strike against the dictatorship. May27Coup StopInternetRestrictions WhatsHappeningInMyanmar
thanks