Xiaomi
Xiaomi, the brainchild of investor and tech guru Lei Jun, redefined the Chinese smartphone market by launching powerful smartphones at a price almost anyone could afford. And then it went global.
Indonesian AI infrastructure firm Zankore secures $3.1b loan
Citi served as the exclusive debt adviser for the planned AI infrastructure.
Diya Lal · · 1 min read
Indonesia lawmakers question Tokopedia, TikTok Shop over frozen funds
Merchant representatives told lawmakers the total could reach 3 trillion rupiah (US$171 million) across about 500 businesses.
Grace Priscilla Teo · · 1 min read
Indonesia’s state VCs are playing it safe
The country’s state-backed VCs are slowing as foreign investors pull back from Southeast Asia. We look at what this means for the startup ecosystem.
Jofie Yordan · · 4 min read
Xendit promotes Nazim Ali to president as it expands globally
Xendit has expanded to Thailand and localized its platform and licenses pages for Vietnam.
Diya Lal · · 1 min readFrom big tech to cakes: Indonesia’s state VCs retreat to safety
State-owned VCs helped build Indonesia’s startup ecosystem. Now, weak exits, fewer deals, and Danantara are forcing them to rethink their role.
Jofie Yordan · · 6 min readCarsome posts record Q2 EBITDA of $8.2m
Carsome said this was its 10th consecutive quarter of positive EBITDA for the three months ended June 30.
Minh Le · · 1 min readCourt upholds 3-year term in TaniHub corruption case
The case concerns the management of investment funds at PT Tani Group Indonesia, known as TaniHub, an Indonesia-based agritech startup.
Diya Lal · · 1 min readMeet the 50 top-funded startups and tech companies in Indonesia
Here are the companies in Indonesia that are attracting tons of investors and have the resources to spend on software, talent, and expansion.
Aya Lin · · 1 min read50 rising startups in Indonesia
Which startups are on the path to becoming the next big thing?
Aya Lin · · 1 min readBYD opens Indonesia EV plant with 150,000 capacity
West Java Governor Dedi Mulyadi said BYD had recruited nearly 9,000 workers so far.
Aiko Gao Ishida · · 1 min read