May 17, 2020

The November issue of Gigabit Magazine is now live

Digital Transformation
Information Technology
Harry Menear
1 min
Welcome to the November edition of Gigabit Magazine, where we’re telling the digital transformation and technology stories of the world’s most dynam...

Welcome to the November edition of Gigabit Magazine, where we’re telling the digital transformation and technology stories of the world’s most dynamic companies. 

This month’s cover story features leading data centre operator, Digital Realty, and the imminent launch of Platform Digital, a new way of approaching digital infrastructure, a “one-stop solution that helps to interconnect their entire digital ecosystem,” enthuses Tony Bishop, SVP of Platform and Ecosystem Strategy. We sit down with Bishop and Corey Dyer, EVP of Global Sales and Marketing for Digital Realty. 

"We're the best positioned in the industry to address the broadest range of requirements. We build, design, operate some of the most highly interconnected data centres in the world,” says Dyer. 

Also appearing this month is our interview and in depth feature on the World Rally Championship and the role that its Director of Content and Production, Florian Ruth, is playing as part of a sea change in the way audiences around the world experience sport in the digital age. 

“The whole world is changing. The way people consume media has completely altered in the last five years,” says Ruth. 

This month’s Top 10 ranks the world’s leading robotic process automation companies. 

Don’t forget to check out our in-depth profiles on Atos, Microsoft, Tivity Health, Qualcomm, TELUS Digital and more… 

Click here to read the issue. 

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Jul 21, 2021

Bukalapak raises $1.5bn in record Singapore IPO, say sources

Bukalapak
Ecommerce
Indonesia
singapore
2 min
Bukalapak
Reuters is reporting that the Indonesian ecommerce giant Bukalapak has raised $1.5 billion in its IPO, making it Singapore’s largest issue

Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.

Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.

Bukalapak's 50x growth

Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.

Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.

Indonesia is Southeast Asia’s biggest economy.

Indonesia’s four biggest ecommerce companies

Tokopedia
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.

Shopee
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.

Lazada
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.

Bukalapak
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.

Source: Wikipedia

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