Episode description
In this NewsCast episode, Adrian Li and Leighton Cosseboom from AC Ventures analyze the e-Conomy SEA 2023 report by Google, Temasek, and Bain & Company. They dig into Southeast Asia's digital economic growth trajectory, on track to reach an impressive US$100 billion in revenue, outpacing established tech markets like the US despite global macroeconomic headwinds.
Shifting to focus on Indonesia, the pair discuss its growth potential, the build-up of dry powder in the market, local investor insights, and the digital sector's push for profitability – delivering what may be a light at the end of the tunnel in 2024.
The episode covers the region's US$218 billion GMV growth, e-commerce's 22% revenue boost, and the impact of prioritizing more affluent customer segments as it relates to what the report calls the “digital divide” in emerging markets.