The Indonesian e-commerce industry is bracing for some market consolidation following the huge sums of money injected into some of its leading players, according to Jeffrey Yuwono, president of fashion e-commerce company Sale Stock.
Over the past year, major e-commerce players such as Tokopedia and Shopee have received investments of $1.1 billion and $550 million respectively, while Lazada recently raised an additional $2 billion from Chinese giant Alibaba. The funding is expected to significantly affect the e-commerce landscape in Southeast Asia’s largest market.
