24. 24Confidential
Southeast Asians spend the most time on the mobile Internet… in the world
Average 3.6 hours hours per day
Thailand - 4.2 hours per day
Indonesia - 3.9 hours per day.
Long commutes
Minimal desktop access
Locally made mobile devices
25. 25Confidential
140 minutes of shopping online every month.
Few big box stores
Fragmented eCommerce market
Battle of the Giants: Amazon vs
Alibaba
Personal assistant culture
27. 27Confidential
Other Areas of opportunity
$12B in VC funding since 2016
Governments modernizing
Bank access expanding
Highly educated
Weak worker protections
30. 30Confidential
Corruption is a key part of the way things work
Innovation stifled
Technology handicapped
Access for foreign
companies
Abuse and imprisonment
Bribery and US law
32. 32Confidential
Cross border exchange can be difficult
Corruption/nepotism
Banking
Currency fluctuation
Laws/courts
Religion
Culture
Language
Racism and distrust
33. 33Confidential
Technical Talent in Asia is hard to find
• Technical education is scarce
• Brain drain to other countries
• Training by global companies
• Cultural influence on career choices