Build windmills, not walls: How to tap Indonesia’s digital economy boom

The Business Times

INDONESIA’S digital economy is thriving with opportunities, and traditional players should build windmills – not walls – to embrace the winds of change.

This was one sentiment that surfaced at “Investing in the Indonesian Digital Economy”, an hour-long webinar hosted by Garage, the startups portal of The Business Times, on Aug 31. The event attracted over 1,000 sign-ups.

Mr Seah: I am an accidental venture capitalist. I spent 25 years in the corporate world, the original disruption place: the advertising and marketing world with big data. I remember partnering Alibaba, Tencent, Google, Facebook, when they were like five-person strong in South-east Asia.

In working those markets, many of my clients wanted to sit in Indonesia, because Indonesia is the biggest market and represented the coming of South-east Asia… I think this market continuously attracted the attention of big corporates all over the world, and I think digital (tech) has now driven economic growth.


Indonesia startups should build on home turf, say panellists
Vietnam’s e-commerce startups tweak their business model amid pandemic drag