Tag Archives: Indonesia
In February, digital transformation and social impact continue to take centre stage in startup investments
Last month, we covered at least four notable acquisitions in the Southeast Asian tech startup ecosystem, involving startups from various sectors and markets. In Indonesia, there was the acquisition of B2B e-commerce platform Bizzy Digital by new retail platform Warung Pintar for US$45 million, as part of the latter’s effort to expand its offering to […]
Dropezy bags funding from Taurus Ventures, Kopi Kenangan to scale its next-day grocery delivery service in Indonesia
Dropezy, an Indonesian startup focusing on next-day delivery services for daily essentials such as groceries, has received an undisclosed amount in pre-seed funding from investors such as Taurus Ventures and Kopi Kenangan Fund. Several angel investors, including Zilingo CEO Ankiti Bose, also participated. A press release said that Dropezy plans to use the fresh funds […]
Advotics secures funding led by East Ventures to expand supply chain solutions for SMEs in Indonesia
Advotics, an Indonesia-based SaaS startup specialising in supply chain solutions, announced today it has secured an undisclosed amount in a new funding round led by East Ventures. The company said it will utilise the fresh funds to extend its commercial footprint in the SME market by expanding its sales team. Founded in 2016 by Boris […]
TikTok removed 89M videos, most of which from US
TikTok has released its latest transparency report, revealing that more than 89.13 million videos were removed from its platform in the second half of 2020. The majority of these, at 11.78 million, are from the United States and 83.3% were yanked before they clocked any views. The videos, which accounted for under 1% of all […]
Building a globalised ecosystem based on innovation and entrepreneurship
As a chief player in the global semiconductor sector, Taiwan is well known for its innovations and advancements. Taiwan claimed the twelfth place out of 141 economies within the 2019 Global Competitiveness Report released by the World Economic Forum. In recent years, the country has seen an increase in venture capital investment, government initiatives, and […]
‘More conglomerates are embracing digital disruptions as they’re undergoing transitions between generations’: Emtek’s Andya Daniswara
Andya Daniswara, Senior VP (Business Development), Emtek Group Indonesia-based Emtek Group, which was founded in 1983 as a provider of personal computer service, has evolved into a modern, integrated group of companies with three main business divisions: media, telecom and IT solutions, and connectivity. The group also owns and operates several internet properties, including DANA […]
Ecosystem Roundup: Despite e-payments rise, MAS says S’pore not aiming to be cashless society; Is space-tech taking off in SEA?
GIC to buy shares worth up to US$225mn in gojek-backed Bank Jago; The amount would net GIC an approximate 9% stake in the company; In Dec 2020, gojek increased its stake in the firm to 22% as part of a strategic tie-up that aims to offer financial services to merchants and drivers in the country. […]
Corporate Japan ditches coal abroad as global backlash grows
TOKYO/JAKARTA — Japanese companies have begun stepping away from coal-fired power plant projects as the practice of exporting carbon-spewing technologies comes under fire, a striking about-face for a country that has long promoted coal in developing economies. Mitsubishi Corp. decided Thursday to withdraw from the $2 billion Vinh Tan 3 facility in southern Vietnam, marking its first […]
Facing global backlash, corporate Japan exits coal abroad
TOKYO/JAKARTA — Japanese companies have begun stepping away from coal-fired power plant projects as the practice of exporting carbon-spewing technologies comes under fire, a striking about-face for a country that has long promoted coal in developing economies. Mitsubishi Corp. decided Thursday to withdraw from the $2 billion Vinh Tan 3 facility in southern Vietnam, marking its first […]
Myanmar coup latest: Military fires ambassador to UN — state TV
YANGON/BANGKOK — On Feb. 1, Myanmar’s military detained State Counselor Aung San Suu Kyi and President Win Myint in the country’s first coup since 1988, bringing an end to a decade of civilian rule. The Suu Kyi-led National League for Democracy had won a landslide in a general election last November. But the military has […]
Myanmar coup latest: Activists urge major 'Milk Tea' protest on Sunday
YANGON/BANGKOK — On Feb. 1, Myanmar’s military detained State Counselor Aung San Suu Kyi and President Win Myint in the country’s first coup since 1988, bringing an end to a decade of civilian rule. The Suu Kyi-led National League for Democracy had won a landslide in a general election last November. But the military has […]
Myanmar coup latest: Police kill woman in Monwya, reports say
YANGON/BANGKOK — On Feb. 1, Myanmar’s military detained State Counselor Aung San Suu Kyi and President Win Myint in the country’s first coup since 1988, bringing an end to a decade of civilian rule. The Suu Kyi-led National League for Democracy had won a landslide in a general election last November. But the military has […]
Indonesia ramps up effort to spot elusive COVID variants
JAKARTA — Indonesian scientists are planning to sequence 10,000 samples of COVID-19 this year to detect variants of the virus that may be circulating around the vast archipelago. Last month, Health Minister Budi Gunadi Sadikin signed a memorandum of understanding with Minister of Research and Technology (RISTEK) Bambang Brodjonegoro to collaborate on “genomic surveillance” — […]
New COVID-19 variants remain undetected in Indonesia
JAKARTA — Indonesian scientists are planning to sequence 10,000 samples of COVID-19 this year to detect variants of the virus that may be circulating around the vast archipelago. Last month, Health Minister Budi Gunadi Sadikin signed a memorandum of understanding with Minister of Research and Technology (RISTEK) Bambang Brodjonegoro to collaborate on “genomic surveillance” — […]
Myanmar coup latest: Police crackdown quiets Yangon protests
YANGON/BANGKOK — On Feb. 1, Myanmar’s military detained State Counselor Aung San Suu Kyi and President Win Myint in the country’s first coup since 1988, bringing an end to a decade of civilian rule. The Suu Kyi-led National League for Democracy had won a landslide in a general election last November. But the military has […]
Myanmar coup latest: Ousted government's envoy calls for UN action
YANGON/BANGKOK — On Feb. 1, Myanmar’s military detained State Counselor Aung San Suu Kyi and President Win Myint in the country’s first coup since 1988, bringing an end to a decade of civilian rule. The Suu Kyi-led National League for Democracy had won a landslide in a general election last November. But the military has […]
Myanmar coup latest: Detained Japanese journalist released in Yangon
YANGON/BANGKOK — On Feb. 1, Myanmar’s military detained State Counselor Aung San Suu Kyi and President Win Myint in the country’s first coup since 1988, bringing an end to a decade of civilian rule. The Suu Kyi-led National League for Democracy had won a landslide in a general election last November. But the military has […]
In Brief: Sri Lanka’s oDoc raises US$1M to offer patients holistic digital medical experience
oDoc team Sri Lanka’s oDoc raises US$1M to offer patients holistic digital medical experience The story: Health-tech startup oDoc closed US$1 million in a pre-series A funding round led by Techstars. Other investors: Hustle Fund, Unpopular Ventures, Cherif Habib (co-founder of Dialogue), Vir Kashyap (co-founder of Babajob), LPs Bill, Leonard Lynch. More about the story: […]
Gojek and Tokopedia merger would add fizz to Asia's tech sector
Lawrence Loh is director of the Centre for Governance and Sustainability at the National University of Singapore’s Business School. Asia’s tech space is buzzing with excitement over the potential merger between two of Indonesia’s largest tech startups, Gojek and Tokopedia. With combined reported values of around $18 billion, super app provider Gojek is valued at $10.5 […]