June Tech Round-Up: The Indonesia Edition
With more than 270 million people scattered across a vast archipelago, working and living in one of the world's fastest-developing economies, can Indonesia’s entrepreneurs build a Southeast Asian digital powerhouse? It’s underway!
Enjoy, from all of us at North Ridge Partners...
Original Thinking From North Ridge Partners
Distributed digital infrastructure, green tech, 5G and IoT, are the four technologies set to underpin a huge expansion in Indonesia’s digital economy.
We have identified six digital stars from Indonesia’s e-commerce, travel, logistics, and fintech sectors that demonstrate the depth of expertise and opportunity in the archipelago.
In this month’s minicast, North Ridge Partners’ Bharath Chandrashekhar discusses the growth of all things digital in Indonesia, and how the country has changed.
Meanwhile, as you read our thoughts on the Indonesian opportunity, why not listen to today’s Indo Top 10 which we’ve pulled together as this month’s playlist.
Asia Pacific Tech News
Is the crackdown over? Alibaba and JD.com investors seem to think so.
The Kiwis have big plans for SaaS.
Alibaba releases its first financial report since its restructure. What can we learn?
India's herd of tech unicorns grows despite IPO headwinds.
Goto’s revenues grow, but so do losses.
Markets Action:
End of the liquidity binge puts the blowtorch to tech and crypto.
Should we be calling Cathie Wood Crazy Cathie or Clairvoyant Cathie? You be the judge.
And while we’re talking about Wood, check out the fall from grace that is Coinbase here (and Cathie’s new play on it here).
Time to split for Amazon, Alphabet and Tesla.
Near enough to unicorn status as Near lists via SPAC.
More About The Downturn:
It’s macabre and sobering – check out Layoffs – the authoritative site for who’s shrinking.
Sequoia’s warnings to portfolio companies: in 2008 it was RIP good times; in 2020 it was Coronavirus: the Black Swan and in 2022 it’s Adapting to Endure.
The crypto meltdown goes from bad to worse.
Has venture capital checked out? For now, increasingly.
Big Tech
Sheryl Sandberg and the Death of ‘The Deal’. A lot is being written about Sheryl Sandberg’s departure from the Metaverse…some of it is sugar-coated and some of it is a bitter pill.
Apple bites into Buy Now Pay Later.
Can all those fake bots release Musk from his Twitter entanglement?
10 Years after the Facebook IPO.
Spotify predicts $100bn run rate within the decade, but there may be a problem.
Stuff We Found Interesting:
Jamie’s watching you! Employees of JP Morgan speak of growing paranoia.
Picking apart the Peloton skeleton. Read an anatomy of the company’s woes here.
Charts of the week: Google and global domination and TikTok cleans up.
North Ridge Partners: technology investment banking across the Asia Pacific
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