Image via Open Gov Asia
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Indonesia Government: Geographic Expansion
Indonesia plans to transform Bali's Kura Kura Special Economic Zone into a digital finance and innovation hub to strengthen the country's fintech and investment services ecosystem
Source: Open Gov Asia
The leadership read
Indonesia Government's expansion resets where the leadership need sits in the sector. Standing up a new market rewards operators with local networks and a record of building from scratch. The 12-to-18-month read across Asia favours country and commercial leadership hired close to the ground.
Market context: Backdrop: a 105.8 (Hot) Talent Market Index (down 2.3 on the month) with Asia activity steady (+0.5pts).
Indonesia Government: 1 signal in the last 90 days; 0.1% of MitchelLake's Asia signal flow; 2 tracked across 29 days.
Market entry — the MitchelLake playbook
When a company expands into a new market, the first leadership hires decide whether it lands. A selection of market entries we've run:
Market entry · Oceania
Square
Executive Search Fintech
Market entry
Dropbox
Executive Search for SaaS
Market entry · Asia
Deliveroo
Executive Search in ASEAN
Market entry · Oceania
SurveyMonkey
Managing Director APAC (first hire in region) / Country Manager
Market entry · Asia
LivePerson
Director ASEAN (first hire in region); also Head of Presales APAC
Market entry · Oceania
Etsy
Managing Director, Australia + Asia (MD APAC)
MitchelLake in this thematic
Also at Indonesia Government →
More signals across Asia
Geographic Expansion · Asia
UNSW →UNSW Sydney opens landmark campus in India to access largest Gen Z cohort globally, with cheaper fee structure than domestic offerings.
Geographic Expansion · Asia
NTT Data →NTT Data launched a new payment platform in India, expanding its fintech infrastructure footprint in South Asia.
Geographic Expansion · Asia
Panasonic →Panasonic is scaling air conditioner production in India with a 4-fold capacity boost, signaling major commitment to the Indian HVAC market.
Geographic Expansion · Asia
Endeavor →Endeavor launched its first Asia Pacific Global Hub in Singapore to support international scaling for founders and position the city-state as a launchpad in Endeavor's global network
Geographic Expansion · Asia
RMIT University →RMIT University received Vietnamese government resolution extending the operating period of its Hanoi campus project, clearing the way for continued expansion in Vietnam. The resolution resolves prior licensing issues and positions RMIT as a key partner in developing Vietnam's skilled workforce.
Geographic Expansion · Asia
Bukalapak →Bukalapak's gaming revenue grew 42% year-on-year, driven by international expansion efforts. Company achieved 29% overall revenue growth and positive adjusted EBITDA.
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