BloombergBusiness

Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia

Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia

  • March 21, 2016
  • min read

BloombergBusiness

Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia

Technology startups are trying to capitalize on rising incomes and growing mobile-phone use in Southeast Asia, where 250 million consumers are now connected via smartphone and 100 million engage in online transactions, according to a report by Bain & Company and Google Inc. The report predicts online sales across Southeast Asia to surge to $70 billion by 2020 from $6 billion now.

Vector℠ is a service mark of Bain & Company, Inc.