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.
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.
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 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.
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.
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.
China’s leading e-commerce platform JD.com opened its first overseas unmanned store, JD.ID X-Mart, an AI-powered experience store in the Indonesian capital of Jakarta.
Indonesia unblocked Tik Tok on July 10, ending its one-week ban on the Chinese short video app after it agreed to censor “negative content”, according to government statement.
Lippo Group has invested 628 billion rupiahs ($45 million) into Tencent to contribute to the group’s digitalization, as the company mentioned in a statement on Monday.