Rudiantara, Indonesia's Minister of Communications and Information, said that the country currently has four start-up companies with valuations of more than one billion U.S. dollars, the so-called unicorn enterprises, which are expected to increase to more than 5 in 2019; In all industries, health care and education are most likely to breed new unicorn companies. According to Reuters, Indonesia is the largest economy in Southeast Asia, with a population of more than 250 million people, mostly young people, plus national ownership. With more than 100 million smart phones, many people want to grasp the country’s economic growth potential. So in recent years, the number of start-up companies in the country has rapidly increased. Indonesia currently has four unicorns that are valued at more than US$1 billion and have not yet been publicly listed. Companies, including online car company Go-Jek, travel website Traveloka, and two online shopping platforms Bukalapak and Tokopedia. Go-Jek's investment goldwinners include Tencent and other companies. Google, a US tech giant’s Alphabet, recently participated in the latest Tokopedia’s A round of funding, and the latter has long owned owners such as Alibaba and SoftBank Group. Traveloka's investors include Expedia, Jingdong, etc. Bukalapak has Austrian venture company GREE Ventures' aid. Rudiantara said that there are currently 7 unicorn enterprises in the ASEAN region, 4 of which are from Indonesia and another one is the largest of its unicorn companies. Part of the revenue comes from the Indonesian market. He believes that in 2019, Indonesia will have more than five unicorn enterprises, and the new unicorn enterprise may come from the education industry. Rudiantara pointed out that the Indonesian constitution stipulates that the government’s annual budget must have One-fifth of it is used for education; so even if the education costs of eliminating the people’s own input are not taken into account, education start-up companies need only share a small portion of the government’s huge budget, and the results will be very impressive. The Indonesian government’s total in 2017 An education budget of 400 trillion Rupiah (about 29.5 billion U.S. dollars) was prepared. He stated that among the educational apps developed by Indonesian companies, Ruanguru currently has the largest number of users. Rudiantara believes that another may breed a unicorn enterprise. The industry is health care, and the government has budgeted more than 100 trillion rupiah per year in this regard. He pointed out that the new health care start-up companies in Indonesia, including the provision of online HaloDoc, a health consultation service, and Alodokter, a health care information platform, etc. According to the Indonesian regulations, companies must make profits for several consecutive years before they can apply for a public listing. Rudiantara said he hopes to help rule out unicorn companies filing initial public offerings in Indonesia. (IPO) obstacles; if necessary, he is willing to invite the Indonesian Financial Supervisory Authority (OJK) to work together to solve this problem. He said that in the past the government only acted as a supervisor, but this model is outdated and the current government must act as a promoter. Create a favorable environment for the enterprise.
