Since 2023, tech giants have committed US$1.9 billion for AI-related investments in Indonesia, which is only 3.7% of the total sum for the region.
https://www.techinasia.com/indonesia-trails-ai-investment-southeast-asia
Which investors are writing the most checks to Indonesia-based startups?
https://www.techinasia.com/active-investors-indonesias-startups
This week’s On the Rise looks at China’s grip on the Indonesian EV market, Vietnam’s new proptech star, and blurring lines between sci-fi and reality.
https://www.techinasia.com/chinas-dominance-isnt-science-fiction-anymore-indonesia
While Japan has long led the automotive market in Indonesia, China has become a dominant force in the archipelago’s electric vehicle sector.
Here's our regularly updated list of the biggest startup exits in Indonesia.
Diversifying product categories and revenue streams are key drivers fueling the resurgence of quick commerce in India.
https://www.techinasia.com/behind-indias-race-to-deliver-everything-everywhere-under-15-minutes
The Offset is Tech in Asia’s free newsletter that breaks down the biggest stories and trends in greentech.
https://www.techinasia.com/climate-change-battles-villain-ai
CEO Moehammad Ichsan has been silent since mid-May despite telling an employee that the Indonesian waste management firm was making “good progress."
https://www.techinasia.com/octopus-ceo-staff-unpaid-wages-stalled-acquisition
Here are the companies in Indonesia that are attracting tons of investors and have the resources to spend on software, talent, and expansion.
https://www.techinasia.com/top-funded-startups-tech-companies-indonesia
In The Top Up this week, we look at Singapore’s digital banking progress and dive into Indonesia’s P2P lending data.
https://www.techinasia.com/singapore-digital-banks-early-progress-charts
Which startups are on the path to becoming the next big thing?
To avoid setbacks, the country must incentivize renewable energy and reduce its reliance on coal.
Strategic incentives have pushed foreign direct investments in the manufacturing space from less than US$2 billion in 2011 to over US$20 billion last year.
https://www.techinasia.com/indonesias-ev-battery-bet-benefiting-regional-supply-chain-shift-report
In late 2018, Tokopedia was Indonesia’s startup darling. Last December, it was bought at a fraction of its former valuation. What happened?
Despite the economic slowdown, opportunities for growth abound in the region, particularly in markets like Thailand, Vietnam, and the Philippines.
https://www.techinasia.com/visual-story/sea-ecommerce-map-2024
We look at the struggles of startups in Indonesia’s eduloan sector and Apple’s reported talks with Meta for a generative AI deal.
https://www.techinasia.com/indonesias-education-loan-sector-struggling-grade
Beyond the edtech solutions themselves, the process of designing them is critical.
https://www.techinasia.com/govtech-preparing-indonesia-generation-learning
Tech majors like AWS and Nvidia have committed billions of dollars to the region in the last 18 months, but which sectors will benefit the most?
Philippe Auberger joins the Indonesian logistics firm as its COO.
https://www.techinasia.com/exceo-lazada-logistics-indonesia-joins-sicepat
Amid a struggle to boost revenue, eduloan startups in the country face public backlash and possible competition from the government's loan program.
https://www.techinasia.com/indonesias-eduloan-startups-face-bleak-future-losses-regulatory-threats
Grab users can now create Superbank accounts, deposit funds, and use them for payment without having to download the separate Superbank app.
https://www.techinasia.com/grab-partners-superbank-offer-banking-services-indonesia
Around US$45 million to US$63 million worth of goods imported from China circulate on platforms like Shopee, Lazada, and Tiki in a single day.
https://www.techinasia.com/vietnam-mulls-vat-imported-goods-sold-ecommerce-sites
Accion's investment comes as the peer-to-peer lender considers a Southeast Asian expansion.
https://www.techinasia.com/peertopeer-lending-firm-amartha-bags-175m-investment-nonprofit
This week’s On the Rise maps out Asia’s EV players, spotlights the rising competition in SEA’s EV market, and analyzes Apple’s latest AI launch.
https://www.techinasia.com/players-filling-gaps-asias-ev-ecosystem
The ecommerce firm said it has identified several areas that need strengthening, leading to it making "necessary adjustments" to continue to grow.
The company was established in 2017 and caters to over 600,000 SMEs across various industries in Indonesia.
https://www.techinasia.com/paperid-nabs-series-funding-30x-transaction-growth
Nickel riches or automotive know-how? Indonesia and Thailand compete to attract foreign manufacturers of electric vehicles.
https://www.techinasia.com/indonesia-seeks-to-surpass-thailand-as-electric-detroit-of-sea
GoTo's comments to the IDX came a day after Andre Soelistyo, William Tanuwijaya, and Melissa Siska Juminto left GoTo's board of commissioners.
https://www.techinasia.com/goto-refutes-80-service-cuts-in-tokopedia
The company will also start building its Indonesia factory within the next two months, Pham Nhat Vuong told Bloomberg.
https://www.techinasia.com/vinfast-races-asian-expansion-cooling-ev-market-founder
Tech firms are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders.
Founded in 2016, the company distributes midrange to high-end Taiwanese beauty products in Indonesia.
https://www.techinasia.com/ecommerce-enabler-rocketindo-bootstraps-300-growth-profitability
The move aims to eliminate duplicate roles among ByteDance's 5,000-strong Indonesian ecommerce team after the Tokopedia merger, Bloomberg reported.
https://www.techinasia.com/bytedance-cut-450-indonesian-jobs-15b-tiktok-shop-tokopedia-merger-report
The Indonesia-based company ended the trading day at 56 rupiah (US$0.0034), however.
https://www.techinasia.com/goto-hits-52week-share-buyback-plans
The Indonesian fintech firm also said that its loans issued grew 87.19% year on year in the first four months of 2024.
https://www.techinasia.com/julos-plans-neobanking-pivot-eyes-full-profitability-yearend
McEasy had first raised series A funding in 2022, where East Ventures led a US$6.5 million injection.
https://www.techinasia.com/mceasy-secures-11m-series-money-strengthenlogistics-system-ai
Participating companies will work with Telkomsel to explore how they can be integrated into the Indonesian telco's ecosystem.
https://www.techinasia.com/telkomsel-appworks-7-startups-form-latest-accelerator-batch