SOUTH-east Asia's fast-growing startup ecosystem still has legs to run on, although the opportunities are shifting and distinct from Silicon Valley, said speakers at the Echelon Asia Summit 2019 conference on Thursday.
The opportunities are evolving, Mr Widjaja explained. He said that e-commerce is due for consolidation in favour of the largest, most established players."I'm sorry, Bukalapak, but I think your days are numbered," he declared. At a separate stage, Agung Nugroho, the co-founder of Indonesian startup Kudo, said that the fields of e-commerce, payments and land transport are already dominated by"titans" in the region, making it difficult for a fresh startup to compete in those segments.
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