Indonesia has seen a surge of cash into its technology
And with a population of more than 250 million, a swelling middle class and growing availability of cheap mobile devices, firms from across the world are piling in.
"We believe that Indonesia is poised for a huge leap forward for its digital economy, following China's growth and becoming the leading tech destination in the Southeast Asia region," Adrian Li, a partner in Jakarta-based Convergence Ventures, told AFP.
Last year $631 million in disclosed venture capital was ploughed into the country, according to research firm CB Insights, up from $31 million in 2015.
But that figure has already been shattered in 2017, with $3 billion worth of deals clinched as of September 2017, said Meghna Rao, a tech industry analyst at the firm.
Read more at: https://phys.org/news/2017-10-global-firms-indonesia-start-up-frontier.html#jCp
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