Growing Middle Class Population Coupled with Higher Internet and Mobile Penetration Rates to Drive Growth for Indonesia E-Commerce Logistics Market: Ken Research
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: PR Newswire
GURUGRAM, India, June 10, 2021 /PRNewswire/ --Government of Indonesia has declared infrastructure development by increasing the allocation for infrastructure up by approximately 50% to the value of 290 Trillion IDR. The infrastructure development include construction of 3,600 km of new roads, 15 new airports, 24 new seaports and railway network expansion by 3,258 km. Government introduced new measures requiring online sellers- estimated over 10m to secure government permits in order to sell their products as well as mandating sellers to store information in local data centers. Stringent rules for handling of data, development of cloud computing and data centers is expected to boost e-commerce growth. Alibaba: the Chinese e-commerce giant is planning to invest USD 3 Billion in Grab which would ensure large base of delivery fleet in Indonesia as well as in various other regions of South –East Asia. Google and Temasek Holding Private Limited, an investment company owned by Singapore gove
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