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Indonesia’s tech billionaires eye Singapore for family offices

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    • A shot of Singapore's central business district. Indonesia’s newly-minted tech billionaires are beginning to diversify their wealth and are increasingly looking to Singapore to set up family offices and seek new investment opportunities.
    • A shot of Singapore's central business district. Indonesia’s newly-minted tech billionaires are beginning to diversify their wealth and are increasingly looking to Singapore to set up family offices and seek new investment opportunities. PHOTO: ST

    Shoeb Kagda

    Published Mon, Aug 29, 2022 · 05:50 AM

    INDONESIA’S newly-minted tech billionaires are beginning to diversify their wealth and are increasingly looking to Singapore to set up family offices and seek new investment opportunities.

    While Indonesia’s traditional family-owned businesses have long established a presence in the city-state, the country’s growing number of technopreneurs are now joining this exclusive club.

    South-east Asia’s largest economy has produced 13 unicorns over the past decade, including start-ups such as Gojek, Tokopedia, Bukalapak, OVO and Traveloka.

    Asean BusinessAseanIndonesiaFamily offices

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