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One for All

Forbes Indonesia

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October 2021

Social commerce platform Evermos creates a collaborative economy by empowering resellers and MSMEs across all of Indonesia.

- Marella Putri

One for All

Ecommerce has grown rapidly in Indonesia over the last few years. Nonetheless, McKinsey reports that 70% of online spending occurs in the country's four largest metropolitan areas: Greater Jakarta, Bandung, Semarang, and Surabaya whilst penetration into rural areas remains low due to obstacles such as limited internet access, a sizeable unbanked population, and high logistics costs. As consumers in these areas are generally less familiar with online shopping, they rely more heavily on social interaction to influence their purchasing decisions.

Consequently, an effective approach in these markets is often through the concept of social commerce, where physical goods are purchased and sold via social media platforms such as Facebook, Instagram, and WhatsApp, and then settled via a different payment method. With over 170 million of its people connected online, Indonesia is well-placed for the development of this commercial channel and McKinsey has predicted social commerce will grow from $3 billion in 2017 to $25 billion in 2022, representing around 38% of Indonesia's $65 billion online commerce GMV.

FLERE HISTORIER FRA Forbes Indonesia

Forbes Indonesia

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Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

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Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

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Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

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Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time to read

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Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

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December 2021

Forbes Indonesia

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Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time to read

5 mins

December 2021

Forbes Indonesia

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Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

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2 mins

December 2021

Forbes Indonesia

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Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

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5 mins

December 2021

Forbes Indonesia

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The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time to read

4 mins

December 2021

Forbes Indonesia

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THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

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12 mins

November 2021

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