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Business Spotlight

Indonesia's unicorns lure US tech giants from Google to Facebook

Southeast Asia's No.1 digital economy attracts payment deals and cloud services

SHOTARO TANI, Nikkei Asia staff writer | Indonesia

JAKARTA -- For the major U.S. tech companies, 2020 showed that Indonesia is shaping up to be the next frontier.

Despite the disruption caused by the coronavirus pandemic, the likes of Facebook, Google and Microsoft have cut a swath of deals to invest in the archipelago's unicorns -- private companies valued at over $1 billion. Investments in companies such as Gojek, Indonesia's largest tech company, as well as e-commerce platforms Tokopedia and Bukalapak this year are set to reach hundreds of millions of dollars.

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