Recently, JD.ID was reported to have penetrated a company valuation that exceeds 1 billion US dollars (US). This certainly makes it a unicorn in the sixth position in Indonesia.
After previously there were five startups in the country that had status unicorn namely Gojek, Tokopedia, Traveloka, Bukalapak and Ovo.
As reported Tech In Asia, rumors are circulating that JD.ID has received financial support from giant Gojek. However, JD.ID did not deny the rumors, but did not disclose the question of the amount of funds raised.
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In response to this, the Minister of Communication and Informatics (Kominfo), Johnny G Plate said that by bearing the status of a unicorn, it means that JD.ID will bring the sector e-commerce in Indonesia is more developed.
“If JD.ID is a global company. What he said is a unicorn of Indonesia. That means that the digital business in Indonesia is developing well,” said Johnny, at the DPR Building recently as quoted from the press release. CNBC.
Plate also recognized that opportunity e-commerce very big in Indonesia. But it could be more than that, he also explained that it is not only seeing the business develop but also being aligned with the empowerment of the community.
“But the most important thing is not just for business medium to high but small medium, farmer fisherman farmer can enter there. Sign in marketplaceher, “he added.
To hold status unicornJD.ID said that they are doing joint ventures with several digital companies with giant funding, namely Provident Capital, a local investment company which is also a Gojek investor.
It is known, JD.ID itself has started operating in Indonesia since 2015. This company is a challenger e-commerce others such as Tokopedia, Shopee, Blibli and Lazada. Meanwhile for e-commerce from outside Indonesia or representing the Southeast Asia region is still controlled by Shopee and Lazada.
But so far, Tokopedia is still e-commerce the most visited, followed by Shopee, Bukalapak and Lazada. While JD.ID took sixth place.
For information, Indonesia has a market e-commerce which is attractive to investors. In 2019, the market e-commerce has reached 20.9 billion US dollars and is predicted to quadruple by 2025 to 82 billion US dollars. This increase is based on increasing internet access on various devices.
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