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.
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