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Amazon Plans To Launch Business In Indonesia, Local E-Commerce Executive Says

June 20, 2016: 12:00 AM EST
Online retailer Amazon plans to enter Indonesia's e-commerce market, according to Indonesia E-commerce Association chairman Daniel Tumiwa. According to Tumiwa, local e-commerce companies “stand no chance to win against” the online retailer. Tumiwa also said Amazon plans to invest $600 million for its proposed Indonesia operations.
Anisa Menur, "Amazon to enter Indonesian market, gets US$600M ready for its first year", Yahoo! News, June 20, 2016, © Yahoo! News
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