Billionaire Li Ka-shing betting on South-east Asia's tech start-ups"In the past, we felt more innovation, opportunities and founders with science and technology background in the US, Europe and Israel, but now we are seeing Indonesia and broader South-east Asia really going through a very critical juncture," Frances Kang, a director of Horizons Ventures, told Bloomberg in an interview. The company "will only deploy more capital" into the region, she said, and has set up a team looking into opportunities there.
Horizon Ventures and Alpha JWC have over the past year invested in Indonesian online stock brokerage Ajaib, rapidly-expanding coffee chain Kopi Kenangan and capsule hotel operator Bobobox. Alpha manages some US$200 million across two funds and has invested in more than 40 startups.
Let's have a thread for this market of 673 million people, bigger than the European Union, demographics better than China, and free of a lot of the political worries that businesses elsewhere have to deal with. The sky is the limit for SE Asia, IMO.