This document summarizes recent entrepreneurship trends in local and international levels. It discusses two main trends: 1) Electronic commerce (e-commerce) which has grown rapidly in Indonesia with examples like Lazada, and 2) Financial technology (FinTech) investments which have increased globally with examples like Ant Financial. The document provides background on these trends, examples at local and international levels, and references for further information.

1. Lecture 3:
Entrepreneurship
Trends
Cre By: Ste e W j a
( Jakarta Smart City Team )

2. Learning objectives
× Know the recent entrepreneurship trends in
local and international level.
× Know the examples of each trends in local and
international level respectively.
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3. 1.
Electronic commerce
(e-commerce)
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4. Local level
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In recent years, there is a rapid growth in the development of information technology and
internet services, proven by the technological advancement in communication devices and
social media, which leads to the increase in number of e-commerce shops (Laohapensang, 2009;
Quoted by Viana et al., 2017).
Trade is no longer defined as a direct face-to-face interactions between traders and buyers.
Distance is merely seen as a barrier. Businesses nowadays can be done online, known as
e-commerce. It provides everybody the chance to make a purchase of product from all around
the world. In 2014, online transactions had reached USD 12 billion, equivalent to IDR 150 trillion,
which could even still be pushed up to IDR 6000 trillion (Viana et al., 2017).

5. Example:
Lazada, #1 e-commerce in Indonesia, owned by Alibaba Group.
345k followers on Twitter.
556k followers on Instagram.
22.7m followers on Facebook.
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Source: (Wardani, 2018)

6. 6
2.
Financial technology
(FinTech)

7. International level
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FinTech refers to the development of innovation-based technology in the financial markets and
services such as digital payment systems, electronic currencies, online investment or finance
platforms, and data analytics. It has significantly grow from time to time, bringing great influence
towards the traditional ways previously used (Brummer and Gorfine, 2014).
In 2008, global investment in FinTech had went up thrice from $930 million to approximately $3
billion. 5 years later, 83% of the global investment was obtained by the FinTech industry in the
United States. Major cities adopting this development include London, New York, and Silicon Valley.
With this pace, it is expected for investments in this industry to exceed $8 billion by 2018
(Brummer and Gorfine, 2014).

8. Example:
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Ant Financial, owned by Alibaba Group.
Famous for its Alipay digital payment platforms.
Operates Yu’e Bao (world’s biggest money market fund).
Has a minimum market capitalization of $60 billion.
Source: (Browne, 2017)

9. End of slide .
Any questions?
You can find me at stefaniewijayaa@gmail.com
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10. References
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Academic
Viana, E. and Margareth, P. (2017). Menelisik Pajak Penghasilan Atas Bisnis Online Shop. Jurnal
InFestasi, 13(2), pp.367-379.
Non-Academic
Wardani, A. (2018). Ini 5 e-commerce Paling Top di Indonesia Versi iPrice, Siapa Saja? - Tekno
Liputan6.com. [online] M.liputan6.com. Available at:
https://m.liputan6.com/amp/3585699/ini-5-e-commerce-paling-top-di-indonesia-versi-
iprice-siapa-saja [Accessed 8 Nov. 2018].

11. Brummer, C. and Gorfine, D. (2014). FinTech Building a 21st-Century Regulator's Toolkit. [online]
pp.1-3. Available at:
https://assets1b.milkeninstitute.org/assets/Publication/Viewpoint/PDF/3.14-FinTech-Reg-Toolkit
-NEW.pdf [Accessed 13 Nov. 2018].
Browne, R. (2017). China is host to 3 of the most innovative fintech firms in the world, according to
research. [online] CNBC. Available at:
https://www.cnbc.com/2017/11/20/10-of-the-most-innovative-fintech-firms-right-now-kpmg-
h2-ventures.html [Accessed 8 Nov. 2018].
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