This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You can access the previous editions of the Vantage Point weekly posts here.
Executive Summary
- Marketplace, specialty verticals deliver for Bukalapak
- Global Digital Niaga stands out among peers with strong offline presence
- Bank Jago is well-positioned to leverage GoTo’s ecosystem
Marketplace, specialty verticals deliver for Bukalapak
Bukalapak’s Q2 2023 results reflected more rapid progress towards its adjusted EBITDA breakeven than expected, as it controlled costs and increased take rates for its marketplace and Mitra businesses.
