Southeast Asia’s unicorns attracted US$24 billion of the total US$37 billion raised in the past four years.
Hoping its niche focus will help it be successful, Kravasia.com throws its hat into Indonesia’s e-commerce ring.
Indonesia'sTraveloka has begun to venture into other South-East Asian (SEA) countries this year with the opening of regional offices in Malaysia, Thailand, Singapore, the Philippines and Vietnam.
Indonesia’s Internet economy will be worth about US$81 billion in 10 years, or about 40% of the total Internet economy of the entire South-East Asian region, according to a Google-Temasek report.
South-East Asia, already the world’s fourth largest Internet market, is expected to grow even further according to a joint report from US technology giant Google Inc and Singapore’s sovereign wealth fund Temasek Holdings.
Alibaba Group Holdings Ltd founder Jack Ma said that the key for Internet companies to surviving and enjoying long and prosperous lives would depend on how well they work together with traditional brick-and-mortar companies, Goh Thean Eu reports from CeBIT 2015 in Hannover, Germany.
Alibaba is China’s largest online retailer, and Jack Ma’s US-inspired brainchild is readying for an initial public offering in New York that could raise as much as US$20 billion, potentially making it the largest IPO there ever, writes Lulu Yilun Chen of Bloomberg News.