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Business

Convergence plants seeds around Indonesia

Adrian Li, founder and managing partner of Convergence Ventures

JAKARTA -- The recent $1 billion acquisition by China's Alibaba of Lazada, Southeast Asia's biggest e-commerce group, has focused international investors' attention on Indonesia as the region's most promising market.

     Although Singapore-based Lazada does not publish detailed sales figures, Indonesia is thought to account for the largest portion of its net revenues, which rose to $190.9 million for the first nine months of 2015 -- a staggering 81.1% increase from the year before.

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