Indonesia
Yiren Digital partners AG Network to deliver AI-driven financial solutions across Indonesia
Yiren Digital Ltd., an artificial intelligence (AI)-powered platform providing financial and lifestyle services in China, has announced the formation of a strategic joint venture with PT. Pinjaman Kemakmuran Rakyat (klikUMKM) and PT. Artha Digital Investama, member of Artha Graha Network (altogether AG Network), to deliver AI-driven financial solutions…
FancyTech eyes expansion into Indonesia to drive global AI content growth
Global artificial intelligence (AI) firm FancyTech is eyeing expansion into priority markets, especially Indonesia, following its B+ funding round.
Fore Coffee‘s share price up 34.04 percent on IPO debut
PT Fore Kopi Indonesia Tbk (Fore Coffee), the Indonesia-based premium affordable coffee chain, saw its share prices jump 34.04 percent to Rp252 ($0.015) per share on the first day of trading.
East Ventures incubated company Fore Coffee’s IPO oversubscribed over 200 times
PT Fore Kopi Indonesia Tbk (Fore Coffee), an Indonesia-based premium affordable coffee chain, said its initial public offering (IPO) was oversubscribed by 200.63 times.
J&T Express reports 31.2 percent parcel volume growth in first quarter
J&T Global Express Limited (J&T Express), a global logistics service provider, announced Thursday that the company achieved a total parcel volume of approximately 6.6 billion in the first quarter of 2025, a 31.2 percent year-over-year increase.
Malaysia’s Hoopi closes seed funding round spearheaded by Creative Gorilla Capital
Hoopi Holdings Pte Ltd, a collectibles and trading cards platform based in Indonesia, has successfully secured its maiden institutional funding round led by Creative Gorilla Capital (CGC), a Jakarta-based venture capital firm that invests in early-stage consumer-facing businesses.
Axiata and Sinar Mas secure shareholders approval for XLSMART merger
Malaysian telecommunications firm Axiata Group Berhad and Indonesian conglomerate Sinar Mas said shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom have formally approved the merger of the three companies into XLSMART.
GoTo collaborates with Google Maps to boost mapping experience
Indonesia-based digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo) has on Monday announced a strategic collaboration between its on-demand services unit Gojek and Google Maps, that will significantly enhance the mapping experience for its consumers, driver-partners, and merchants.
Maybank expects efficiency gains to accelerate Goto’s profitability
Maybank Investment Bank expects efficiency gains to accelerate the path to profitability of PT GoTo Gojek Tokopedia Tbk (GoTo), and it projects the firm's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of IDR 1.5 trillion in FY25.
East Ventures-backed Fore Coffee plans IPO for business expansion
PT Fore Kopi Indonesia Tbk (Fore Coffee), a premium affordable Indonesian coffee chain, has on Friday announced its plan to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
