Indonesia Archives

TikTok Is Testing Local Lifestyle Services in Indonesia and Thailand

TikTok is testing its local lifestyle business overseas, with the first stop being Southeast Asia. Currently, the business has launched in Indonesia and Thailand.

TikTok Officially Takes Majority Stake in Local Tech Giant Tokopedia

Indonesian tech giant GoTo announced today that TikTok has officially completed the transaction announced in December last year, spending $840 million to acquire 75.01% of the shares in GoTo's e-commerce subsidiary, Tokopedia.

Geely Holdings Denies Indonesian Factory Investment Plans

Geely Holdings: The report regarding "investment in building factories in Indonesia" is very inaccurate, and there are no specific plans.

Miniso Launches the First New Concept Store in Indonesia

Recently, Miniso opened a new concept store in Indonesia. The total area of the store is nearly 700 square meters, making it the largest store in Indonesia currently.

TikTok’s E-commerce Business GMV Exceeds $1 Billion in H1

TikTok's gross merchandise volume (GMV) for its e-commerce business in the first half of 2022 exceeded $1 billion, which is equivalent to the full-year volume the platform saw in 2021.

Indonesian Payment Platform Flip Raises $55M in B+ Round Financing Led by Tencent

Flip, an Indonesian digital payment platform, announced on Wednesday that it had completed round-B+ financing totaling $55 million, which was led by Tencent with additional participation by Insight Partners and Block.

CATL Subsidiary to Build Power Battery Project in Indonesia

A subsidiary of Contemporary Amperex Technology Co., Limited (CATL), China's leading power battery manufacturer, has invested in the construction of a power battery industry chain project in Indonesia with two partners.

Indonesian Tech Giant GoTo Debuts on Indonesian Stock Exchange

Indonesian tech giant GoTo Group officially made its debut on the Indonesian Stock Exchange (IDX) through an initial public offering (IPO) on Monday. The company's stock code is GOTO.

TikTok E-Commerce GMV Reached $951M in 2021

The gross merchandise value (GMV) of TikTok e-commerce in 2021 totaled about 6 billion yuan ($951 million), of which 70% or more came from Indonesia and the remaining 30% or less came from the U.K.

Jack Ma Sets Up Entrepreneur Training Institute in Indonesia

During the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group on Oct. 13, Jack Ma, Executive Chairman of Alibaba Group, stated that he plans to establish a “Jack Ma Entrepreneur Institute” to train thousands of tech entrepreneurs.