Startups can still play along e-commerce giants in SEA gold rush
Alibaba Tencent and Amazon are moving in to carve up Asean's US$2.5 trillion economy, but there is still space
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Jakarta
WHEN Indonesian President Joko Widodo rose to address his Asean counterparts over the weekend in Singapore, he rolled out some eye watering numbers including a forecast that some US$90 billion worth of goods and services will be bought on the Internet by 2025 - a nine-fold increase from the amount today.
The trouble is - as the e-commerce's 800-pound gorillas like Alibaba Tencent and Amazon move in to carve up Asean's US$2.5 trillion economy, the region's start ups are increasingly shut out of what is still a booming market.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
