JAKARTA -- 2020 was a boom year for Indonesian e-commerce companies. Despite a pandemic-induced recession, where economic growth was projected to contract by 2.2% by the World Bank, e-commerce transactions over the same year are expected to have jumped by 52% to $32 billion according to the most recent e-Conomy SEA 2020 survey.
The e-commerce and delivery industry has been showered with finance, one of the few profitable plays remaining against a backdrop of economic carnage.
