Indonesia

In a significant boost to Indonesia’s digital economy and Golden Indonesia 2045 vision, GoTo Group, Tencent Cloud, and Alibaba Cloud have signed agreements that will boost cloud infrastructure and digital talent development in Indonesia.

Intudo Ventures announced the closing of $125 million across two investment funds—Intudo Ventures IV, LP, a $75 million venture fund, as well as a $50 million fund that will invest in downstreaming natural resources and renewable energy.

Dash Electric, an Indonesian electric vehicle (EV)-as-a-service startup, has on Wednesday announced the successful close of its oversubscribed seed funding round, led by The Radical Fund and co-led by Bali Investment Club (BIC).

GoTo expects to capture additional growth in broad user demographics in its core On-Demand Services and Financial Technology segments more cost-effectively across the expansive Indonesian market by leveraging its unique ecosystem that spans the full range of consumer spending.

Established in 2017, Hijau said it has been a pioneer in Indonesia’s still nascent solar market. With an established track record in delivering solar energy solutions for Commercial and Industrial (C&I) customers, the company is actively expanding its project pipeline to meet the growing demand for sustainable energy.

Indonesia has announced a joint venture with China’s Contemporary Amperex Technology Co Ltd (CATL) to invest $1.2 billion in battery production.

Temu is operated by PDD Holdings, the parent company of the well-known Chinese retailer Pinduoduo.

Spanning 150,000 square meters, the new facility can process up to 6 million parcels per day at peak capacity, ensuring strong logistics support ahead of the upcoming “Double 11” shopping festival.

WhiteCoat Global, a Singapore-based digital healthcare provider, has announced it will be acquiring Good Doctor Indonesia, the telemedicine platform with the largest insurer and corporate client network in Indonesia.

Indonesian insurtech firm PasarPolis has announced a major expansion of its strategic partnership with GoTo Group's on-demand service firm Gojek, to expand insurance access in Indonesia.