By Matt Rusling
The Diplomat
Indonesia’s government plans to roughly double the number of people online to 150 million by 2015. If the country’s tech sector can tap into that enormous market, it could dramatically boost the Internet economy. But the government, the private sector, and entrepreneurs will all have to be on board to make it happen.
The world’s fourth largest country by population boasts 70 million Faceboook users and is one of the world’s most active Twitter markets. Indonesia’s middle class is expected to double by 2020, according to The Boston Consulting Group, creating a potentially massive pool of online shoppers and other Internet consumers among the 250 million-strong population. The archipelago last month grabbed worldwide business headlines after Japanese investment firm SoftBank Corp. and Sequoia Capital invested $100 million into leading Indonesia-based e-commerce company PT Tokopedia, providing a glimpse of the possibilities that may lie ahead.
Does all this mean the country will see more $100 million investments like the Tokopedia deal?
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