What’s Driving the Flurry of Financial Activity in Southeast Asia’s Tech Sector?

By April 21, 2021December 5th, 2023No Comments
(Image credit: Flickr/ Sumber Tekno)

Lots of merger and IPO activity is heating up in Southeast Asia: The eye-popping $40B Grab SPAC listing, the Gojek/ Tokopedia super-app tie-up, and Traveloka eyeing public markets in the U.S.

“Expectations for digital commerce in Southeast Asia are huge. The oft-quoted Temasek/ Google/ Bain & Company study estimates that the market will be worth $240 billion by 2025, $100 billion of which will come from Indonesia alone.”